An undisclosed financial history
The Division alleges that none of this background appears in IVT’s public materials, leaving investors without information about the person soliciting their money. Regulators say Maxon has been a lien debtor for roughly $15,000 since 2005, that at least five people have publicly complained they were scammed by two of his consumer cash businesses, and that he was evicted and declared a judgment debtor in 2022 and 2023 for about $300,000 in New York and at least $553,500 in Arizona.
Restitution and a permanent halt
The Commission is seeking a permanent cease and desist, restitution to investors, and administrative penalties against Maxon, IVT, and any of their agents. The temporary order takes effect once a hearing is requested and remains in place until the Commission enters a decision, unless the Commission directs otherwise. Documents in the matter are available on the Commission’s online docket under case number S-21423A-26-0421.
The order extends a wave of enforcement against crypto offers marketed as guaranteed returns. The SEC separately charged operators of a WhatsApp investment scheme that raised $15 million, while Treasury rules for state-certified payment stablecoins under the GENIUS Act are tightening how digital assets are marketed and sold across the United States.
