Eric J. Dalius’ Saivian settlement has price him $24 million USD.
On February third the SEC filed a stipulation requesting judgment in opposition to Dalius and Savian LLC.
On February sixth last judgment was granted, ordering Dalius (proper) to pay
- $20 million in disgorgement
- $919,215 in prejudgement curiosity and
- a $1,500,000 civil penalty
Saivian LLC was ordered to pay an extra $1.5 million civil penalty, bringing the entire restoration to precisely $24 million.
An injunction was additionally granted, prohibiting Dalius and Saivian LLC from committing additional acts of securities fraud.
Information of Dalius’ Saivian settlement emerged final August. Seemingly in anticipation of getting to return the thousands and thousands he stole via Saivian, Dalius bought a waterfront mansion in Florida for $25 million final month.
The 9,300-square-foot, seven-bedroom, nine-bathroom mansion was in-built 2016 on 0.5 acres, in accordance with property information.
The property features a 103-foot-long pool, therapeutic massage pavilion, out of doors kitchen, and 100 ft of waterfront with a dock and boat elevate.
Dalius launched the Saivian Ponzi scheme again in 2015. BehindMLM famous Dalius’ buy of the Florida mansion in early 2018.
Dalius and his spouse purchased the North Bay Street residence for $16.5 million in 2017, information present.
By means of Saivian, the SEC alleged Dalius defrauded customers out of no less than $165 million.
After Saivian Dalius launched MuzicSwipe in 2021.
We worth a group stuffed with rising artists with their engaged followers to turn out to be immersed in a platform the place customers can swipe and stream to find new artists and music.
SimilarWeb recorded simply 941 visits to MuzicSwipe’s web site in December 2022. In January 2023 visits rose to 30,000.
Getting again to Saivian, Dalius’ partner-in-crime Ryan Evans stays an lively defendant within the SEC’s case.
Pending a settlement, Evans is scheduled to face trial on June sixth, 2023.