Defendants Eric J. Dalius and Ryan Evans have failed to achieve a settlement with the SEC.
In consequence, the Saivian Ponzi scheme fraud case will now head to trial.
As a part of makes an attempt to resolve the case with out additional litigation, Dalius (proper), Evans and the SEC have been ordered into mediation proceedings again in Might.
A Joint Standing Report filed on July twelfth reveals mediation and settlement discussions happened on June twenty eighth.
However their efforts to resolve this dispute … the Events have been unable to achieve an settlement in precept to settle this litigation through the mediation.
The court docket accepted the submitting and reopened the case.
Wanting ahead, a July nineteenth order has scheduled a jury trial for September thirteenth, 2022.
The SEC sued Eric Dalius in 2018, alleging his firm Saivian was a $165+ million greenback Ponzi scheme.
Ryan Evans (proper), Saivian’s Director of Operations and Vice President, was added as a co-defendant in October 2019.
BehindMLM recognized Savian as a Ponzi scheme in 2015.
Replace twenty ninth Might 2022 – As per a Might twenty fifth order, the SEC v. Saivian trial has been rescheduled for September twentieth, 2022.
Replace twenty third August 2022 – Eric Dalius has reached a settlement with the SEC.