Eric J. Dalius’ Saivian settlement has cost him $24 million USD. On February 3rd the SEC filed a stipulation requesting judgment against Dalius and Savian LLC. On February 6th final judgment was granted, ordering Dalius (right) to pay $20 million in disgorgement $919,215 in prejudgement interest and a $1,500,000 civil penalty Saivian LLC was ordered […]
Eric Dalius’s Saivian fraud settlement recovers $24 million Read More »
Eric J. Dalius has reached a settlement with the SEC over Saivian securities fraud. The news follows the Saivian defendants reentering negotiations with the SEC back in June. As per a Joint Stipulation filed on August 9th; On August 5, 2022, the Parties participated in a telephonic settlement conference … during which a settlement in
Eric Dalius settles Saivian Ponzi securities fraud with SEC Read More »
As per a Joint Notice filed on June 2nd, the SEC and defendant Eric J. Dalius will return to mediation. With the Saivian fraud trial scheduled for September 2022, this would appear to be the last change for Dalius to settle and avoid potentially harsher penalties in court. Dalius and the SEC had intended to
Eric J. Dalius & SEC re-enter Saivian settlement negotiations Read More »
Defendants Eric J. Dalius and Ryan Evans have failed to reach a settlement with the SEC. As a result, the Saivian Ponzi scheme fraud case will now head to trial. As part of attempts to resolve the case without further litigation, Dalius (right), Evans and the SEC were ordered into mediation proceedings back in May.
Eric J. Dalius’ Saivian fraud case fails mediation, heads to trial Read More »
It’s been seven months since our last Saivian update. The case has been progressing but up until now there hasn’t been any significant events. On May 3rd a joint motion was filed requesting a stay on the SEC’s Savian fraud case. The stated reason for the requested stay was mediation. On May 5th the court
Saivian SEC fraud case sent to mediation Read More »
The fear of contracting COVID-19 has seen the Savian fraud trial pushed back again. As per a motion filed on September 18th, defendant Eric Dalius’ attorneys cite concerns about their health. As per the filed motion; Ultimately, given the uncertainties surrounding the pandemic, including the timing of a potential vaccine and the significant risk of
Saivian trial pushed back to Nov 2021 due to COVID-19 fears Read More »
As per an order made last month, the SEC vs. Saivian trial has been scheduled for March 30th, 2021 (not a typo). Saivian was a Ponzi scheme launched in 2015. The SEC sued Saivian and owner Eric J. Dalius back in November 2018. A March 2021 trial date puts us at two years and four
SEC vs. Saivian trial scheduled for March 2021 Read More »
An filed amended complaint has added Ryan Morgan Evans to the SEC’s Saivian Ponzi lawsuit. According to the SEC’s amended complaint, Evans played a significant role in promoting the scheme while serving as Saivian’s Director of Operations and Vice President of Marketing. The SEC sued Saivian and owner Eric J. Dalius last year. According to
Ryan Evans added to SEC’s Saivian Ponzi lawsuit Read More »
