July 8, 2025
SEC Charges Filed
The Securities and Exchange Commission (SEC) has charged Ian O. Mausner, a repeat offender previously sanctioned for securities violations, and his firm Evolution Lending, LLC, with conducting a fraudulent investment scheme tied to a cryptocurrency fund.
According to the SEC, Mausner and Evolution Lending raised more than $400,000 from at least 11 investors between December 2020 and January 2022 through the unregistered offering of limited partnership interests in the so-called Cryptocurrency Growth Fund L.P.
The SEC alleges that Mausner failed to disclose his prior disciplinary history and misled investors about the fund’s operations—falsely claiming that it would invest in and hold crypto assets on major trading platforms. Instead, investor funds were commingled with unrelated accounts controlled by Mausner, violating his fiduciary duties and casting doubt on how the funds were actually used.
Mausner and Evolution Lending now face charges for violating multiple provisions of the Securities Act, Exchange Act, and Investment Advisers Act. The SEC is seeking permanent injunctions, civil penalties, and the return of ill-gotten gains.
If you invested in the Cryptocurrency Growth Fund or with Ian O. Mausner or Evolution Lending and suffered losses, you may have legal options. Contact ChapmanAlbin today for a free consultation.
"*" indicates required fields
