SEC v. Austin D. Ellison-Meade, No. LR-26389, Central District of California (Sept. 5, 2025) — Press Release
raw: Austin D. Ellison-Meade
Austin D. Ellison-Meade, No. 2:23-cv-00521-CAS (Sept. 5, 2025)
summary
Austin Danger Ellison-Meade obtained a final judgment for misappropriating $2.8 million from Baycap.io investors to fund luxury items and Ponzi-like payments.
paragraph
Austin D. Ellison-Meade was charged with misappropriating at least $2.8 million from approximately 31 investors through his investment club, Baycap.io. He violated the Securities Act, the Exchange Act, and the Investment Advisers Act by falsely claiming funds would be used for algorithmic trading. The court ordered him to pay $2,917,751.02 in disgorgement and $820,668.13 in interest, satisfied via a parallel criminal restitution order.
narrative
Between 2019 and 2021, Austin Danger Ellison-Meade raised at least $2.8 million from approximately 31 investors for his investment club, Baycap.io. Although he represented that the funds would be used for algorithmic securities trading, he instead used the money for luxury items and Ponzi-like payments to other investors. The SEC obtained a final judgment against him, addressing violations of the Securities Act, the Exchange Act, and the Investment Advisers Act. The court ordered Ellison-Meade to pay $2,917,751.02 in disgorgement and $820,668.13 in prejudgment interest. This financial obligation is deemed satisfied by a restitution order in a parallel criminal case. Additionally, the judgment permanently enjoins him from participating in unregistered security offerings and further federal securities law violations.
Classified ponzi(confidence 100%). EDGAR detection: forms Form D· recall 35% / precision 15%. detection rule →
Statutes
Parties
Securities and Exchange CommissionAustin Danger Ellison-MeadeAustin D. Ellison-Meade
Keywords
ellison-meadesecuritiessecurities exchangeaustin ellison-meadeexchange commissioninvestor fundsaustinfundsexchangesecseptember securitiesaustin dangerdanger ellison-meadefinal againstinvestment club
Exhibits & Attached Documents (2)
Extracted insights
Dollar amounts 3
- $2.92M $2,917,751 $1M–$10M
- $2.80M $2.8 million $1M–$10M
- $821K $820,668 $100K–$1M
Entities 1
- agency Securities and Exchange Commission
Triples 9
- Securities And Exchange Commission obtained final judgment Austin D. Ellison-Meade
- Securities And Exchange Commission charged Austin D. Ellison-Meade with misappropriating funds that he raised from investors in an investment club he managed called Baycap.io
- Austin D. Ellison-Meade raised at least $2.8 million from approximately 31 individual investors for Baycap.io
- Austin D. Ellison-Meade misappropriated investor funds to pay for luxury items and to make Ponzi-like payments to other investors
- Court permanently enjoins Austin D. Ellison-Meade from participating in the issuance, purchase, offer, or sale of any security in an unregistered offering not for his personal account, and from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, Section 17(a) of the Securities Act of 1933, and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder
- Court ordered Austin D. Ellison-Meade to pay disgorgement of $2,917,751.02 and prejudgment interest thereon of $820,668.13
- Court deemed satisfied the order of restitution entered against Austin D. Ellison-Meade in a parallel criminal case, United States v. Austin Danger Ellison-Meade, No. 8-22-cr-00094-JWH (C.D. Cal.)
- Securities And Exchange Commission conducted investigation by DoHoang T. Duong, Dora Zaldivar, and Finola H. Manvelian of the Los Angeles Regional Office
- Securities And Exchange Commission conducted litigation by Robert C. Stillwell and supervised by Douglas M. Miller
PDF (from attached: complaint)
Text layers
Extracted body text (2,104c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26389 / September 5, 2025 Securities and Exchange Commission v. Austin Danger Ellison-Meade, No. 2:23-cv-00521-CAS (C.D. Cal. filed Jan. 24, 2023) SEC Obtains Final Judgment against Investment Club Manager Charged with Misappropriating Investor Funds On September 3, 2025, the Securities and Exchange Commission obtained a final judgment against Austin D. Ellison-Meade, whom the SEC previously charged with misappropriating funds that he raised from investors in an investment club he managed called Baycap.io. The SEC’s complaint, filed on January 24, 2023, alleged that from at least 2019 to 2021, Ellison-Meade raised at least $2.8 million from approximately 31 individual investors for Baycap.io based on representations that he would use the funds to engage in algorithmic securities trading. The SEC’s complaint further alleged that Meade never used investor funds to trade securities as represented, but rather misappropriated investor funds to pay for luxury items and to make Ponzi-like payments to other investors. The judgment, entered on the basis of default, permanently enjoins Ellison-Meade from participating in the issuance, purchase, offer, or sale of any security in an unregistered offering not for his personal account, and from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, Section 17(a) of the Securities Act of 1933, and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder. The Court also ordered Ellison-Meade to pay disgorgement of $2,917,751.02 and prejudgment interest thereon of $820,668.13, which the Court deemed satisfied by the order of restitution entered against Ellison-Meade in a parallel criminal case, United States v. Austin Danger Ellison-Meade, No. 8-22-cr-00094-JWH (C.D. Cal.). The SEC's investigation was conducted by DoHoang T. Duong, Dora Zaldivar, and Finola H. Manvelian of the Los Angeles Regional Office. The litigation was conducted by Robert C. Stillwell and supervised by Douglas M. Miller.
OCR text (2,104c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26389 / September 5, 2025 Securities and Exchange Commission v. Austin Danger Ellison-Meade, No. 2:23-cv-00521-CAS (C.D. Cal. filed Jan. 24, 2023) SEC Obtains Final Judgment against Investment Club Manager Charged with Misappropriating Investor Funds On September 3, 2025, the Securities and Exchange Commission obtained a final judgment against Austin D. Ellison-Meade, whom the SEC previously charged with misappropriating funds that he raised from investors in an investment club he managed called Baycap.io. The SEC’s complaint, filed on January 24, 2023, alleged that from at least 2019 to 2021, Ellison-Meade raised at least $2.8 million from approximately 31 individual investors for Baycap.io based on representations that he would use the funds to engage in algorithmic securities trading. The SEC’s complaint further alleged that Meade never used investor funds to trade securities as represented, but rather misappropriated investor funds to pay for luxury items and to make Ponzi-like payments to other investors. The judgment, entered on the basis of default, permanently enjoins Ellison-Meade from participating in the issuance, purchase, offer, or sale of any security in an unregistered offering not for his personal account, and from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, Section 17(a) of the Securities Act of 1933, and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder. The Court also ordered Ellison-Meade to pay disgorgement of $2,917,751.02 and prejudgment interest thereon of $820,668.13, which the Court deemed satisfied by the order of restitution entered against Ellison-Meade in a parallel criminal case, United States v. Austin Danger Ellison-Meade, No. 8-22-cr-00094-JWH (C.D. Cal.). The SEC's investigation was conducted by DoHoang T. Duong, Dora Zaldivar, and Finola H. Manvelian of the Los Angeles Regional Office. The litigation was conducted by Robert C. Stillwell and supervised by Douglas M. Miller.