Eric J. Dalius has reached a settlement with the SEC over Saivian securities fraud.
The information follows the Saivian defendants reentering negotiations with the SEC again in June.
As per a Joint Stipulation filed on August ninth;
On August 5, 2022, the Events participated in a telephonic settlement convention … throughout which a settlement in precept was reached between the SEC and the Defendants apart from Defendant Ryan Morgan Evans.
Defendants apart from Ryan Evans within the SEC’s Saivian Ponzi case are Eric J. Dalius, Skilled Realty Enterprises, Inc., Saivian LLC, Financial savings Community App LLC, Realty Share Community LLC.
Particulars of Dalius’ Saivian settlement are anticipated to be made public someday over the subsequent few months.
BehindMLM recognized Saivian as a Ponzi scheme again in 2015. The SEC filed swimsuit in opposition to Saivian in 2018, alleging Dalius and Evans ran a $165 million greenback Ponzi scheme.
Whereas Saivian’s collapse marked the tip of Dalius’ Ponzi scamming, Evans doubled down with Elamant.
Elamant is actually a clone of Saivian, aimed primarily at African buyers.
Regardless of staring down the barrel of a $100 million plus securities fraud lawsuit within the US, Morgan continues to commit securities fraud by means of Elamant.
US regulators have up to now not gone after Morgan for persevering with to defraud shoppers with Elamant. Whether or not that may change stays to be seen.
SimilarWeb site visitors estimates for Elamant’s web site suggests investor recruitment has collapsed.
Failing Ryan Evans reaching a settlement with the SEC, his Saivian securities fraud trial has been rescheduled for June sixth, 2023.
