The Securities and Exchange Commission sued Ian O. Mausner for misleading investors in a cryptocurrency scheme.
CARLSBAD, Calif. — The Securities and Exchange Commission is suing a San Diego-area man for running a cryptocurrency scheme that bilked more than $413,000 from investors.
In a June 23 civil complaint, attorneys for the Securities and Exchange Commission say Ian O. Mausner and his company, Evolution Lending LLC, defrauded investors by selling them unregistered shares of the Cryptocurrency Growth Fund.
Mausner, say federal attorneys, falsely told investors that he had “30 years of experience in the financial advisory and money management industry,” however, he never informed the investors that he was banned from working in the securities industry.
“From…
