Pursuant to a stipulation between Eric Dalius and the SEC, Dalius’ spouse Kimberly has been dropped as a reduction defendant.
The SEC sued Dalius and his firm Saivian late final yr. The regulator alleges Saivian was a $165+ million greenback Ponzi scheme
For her position in aiding her husband run Saivian, the SEC named Kimberly Dalius as a reduction defendant.
As per the filed January thirtieth stipulation, Dalius has agreed to
present the SEC with twenty (20) days’ discover of sure potential makes use of of belongings and to keep up an agreed upon minimal stability in his financial institution or brokerage accounts.
In alternate the SEC agreed to
dismiss reduction defendant Kimberly Dalius, with out prejudice and topic to Mr. Dalius’s compliance with the Discover Settlement.
The stipulation was authorized on January thirty first. On February fifth the SEC filed a discover of dismissal pertaining to Mrs. Dalius.
The most recent submitting within the Saivian Ponzi case is a February twenty fifth stipulated settlement, wherein an extension to Dalius’ response deadline is requested.
The acknowledged motive for the request is
ongoing discussions that might get rid of the necessity for Defendants to answer the Criticism.
Whether or not Dalius will attain a settlement with the SEC nonetheless stays to be seen.
Within the meantime the stipulation was granted, extending the response deadline to April fifth.
Keep tuned…
Replace seventh January 2020 – No settlement as on the time of this replace.
As per an order final month, the SEC vs. Saivian trial has been scheduled for March 2021.