The Securities and Exchange Commission (SEC) has filed a lawsuit against Ian O. Mausner and Evolution Lending, LLC.
The complaint of the sec, which was submitted to the South District Court of California on June 23, 2025, claims that by December 2020 at least in January 2022, Mausner-one candidate, who had previously had a pause and evolution of the surface and the surface of the surface and the surface Development, LLC. Limited corporate relationship interests in a centralized investment vehicle called Cryptocurrency Growth Fund LP
Overall, Mausner and Evolution increased about $ 413,000 from investors in many states.
The defendants sold interests in the Fund through false and misleading statements and omissions about Mausner’s disciplinary history and Crypto Asset -related investments. For example, they informed investors that Mausner was the master of evolution and had “30 years of experience in the financial and money management industry”, but failed to report that the Securities and Exchange Commission had previously obstructing him by the mobile industry.
In addition, they told investors that the Fund would invest in cryptographic assets and keep them on specific platforms of encryption assets. However, the defendants never possessed assets related to funds on these platforms.
In addition to making false and misleading performances, the defendants also lodged the money that investors contributed to Evolution’s bank accounts and Mausner’s personal bank accounts, involvement – or to assume assets with completely irrelevant assets in the process.
Throughout this period, the defendants, each of whom acts as an investment consultant in accordance with Article 202 (a) (11) of the Counselor Act, 15 USC §80B-2 (A) (11), received ill management and performance fees for services they promised but never provided.
In this way, Mausner not only violated the provisions against the counter -values laws, but also violated the aforementioned industrial/link, acting as an investment consultant.
In addition to violating the provisions of the Law on Exchanges and Mobile Values, the false and misleading statements of the accused and the negotiation of investors have violated their confidential duties, investment advisers, including their duties for their full faith and full faith Enhancement of capital, Antif Counselors on AntiF act. provisions.
In addition, the defendants never recorded the fraudulent offer of interests to the Fund with the Securities and Exchange Commission and there are no exceptions from the listing requirement applied to the offer.
The Securities and Exchange Commission is seeking an order against the defendants who are permanently violated by the future violations of these provisions, demanding that they pay discoloration plus interest bias for any profits and to pay monetary penalties.
Ian O. Mausner, aged 64, lives in San Diego, Ca. Mausner previously founded and took advantage of JS Oliver Capital Management, LP (“JS Oliver”), an investment consultant registered with the Commission from 2004 to the 2016 revocation. Sanctions and a ceasefire and disorder against Mausner and JS Oliver to imprison.
Evolution Lending, LLC, is a disrupted Nevada Liability Company formed on July 12, 2011, with the main business in Reno, Nevada. The development was the general partner of the Fund and Mausner was the owner of evolution.
On October 6, 2015, Evolution applied, as an investment company, for the registration of foreign companies in California and was granted. On December 4, 2020, Mausner canceled the registration of the California company. Since August 6, 2021, Evolution no longer had known, active bank accounts, having transferred the funds to bank accounts controlled by Mausner and in his name. Evolution has never been registered with the Commission in any capacity.
The Cryptocurrency Growth Fund LP is an active partnership and private fund in California founded and managed by Mausner, with the main business of Manhattan Beach, Ca. The Fund has never been registered with the Commission in any property.