Ryan Evans added to SEC’s Saivian Ponzi lawsuit
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 the regulator, Saivian was a $165+ million dollar Ponzi pyramid hybrid.
Following Saivian’s collapse, Evans doubled down on Ponzi fraud with Elamant.
In our 2018 Elamant review we revealed the company’s business model is near-identical to Saivian’s.
Since being added as a defendant to the SEC’s Saivian lawsuit on October 3rd, Evans appears to have pulled the plug on Elamant.
Visitors to Elamant’s website are now shown the following notice:
A NEWER and BETTER Experience is Coming SOON!
We are undergoing a complete system rebuild and will be back shortly!
Elamant’s official Facebook page has been deleted, but Ryan Evans was still promoting Elamant on its YouTube channel as of late last month:
As with Saivian, Elamant primarily directs its marketing efforts across south-east Asia.
Based on his various social media profiles, Ryan Evans has fled the US for Singapore following Saivian’s collapse. He’s now supposedly residing in California.
Update 8th March 2023 – Following Eric Dalius’ Saivian settlement last August, the SEC has now filed for summary judgment against Ryan Evans.
The SEC’s summary judgment motion was filed on February 9th. Evans filed his response in opposition on February 23rd.
The court has scheduled a hearing on the matter for March 23rd. Given that’s only a fortnight away, I’ll hold off on reporting anything till we get an order.
Update 24th March 2023 – The motion for summary judgement hearing went ahead as scheduled on March 23rd.
The court has taken the matter under advisement. I’ll continue to check the docket periodically for an order.
This company also offers the same receipt cashback service as SAVIAN. Is there no danger?
If you’re talking about Elamant, yeah it’s a Ponzi clone of Saivian.
This company is full operation in Africa as Elamant.
Ryan is changing rules everyday bow asking people to join again with $20 to access the new website.
He now claims he pay in Bitcoin but just recently gave to top few leaders so people can join yo new system with $20…
This is new website myelamant.com
Please warm people of Africa before they are scummed.
The leader in SA is called Janine Ashington she is one money is sent to her bank account.
Thank you.
Thanks so much for the infos. How can one differentiate between a Ponzi Scheme site and a legit one?
Ponzi scheme = recycling investment to pay returns. Comes in many different varieties and is conducted under many different ruses.
Where Janine come from? She is South African or American? She haven’t responded to me after asking for USA and Singapore Registration numbers.
She is registered in SA but she have no partners as shareholders under CIPC registration since Elament is international trade and Franchise. She is ignoring my texts that ask for background of the business.
I believe this is a Scam. My brother has joined and Friend of mine from Namibia wants me to join but since I don’t get full details then I will never do that. R1 800.00 is too much money.
You’re absolutely right. Once you know what to look for, these scams will be obvious to you.
The two big giveaways are 1) promised return with no losses, whether fixed percentage or variable, whether small percentages each day or higher per week or month, they promise returns much higher than banks pay;
2) rewards for recruiting others to invest (i.e., build a downline). Any time you see those, it’s a scam for sure.
Read a few more of Oz’s reviews, and you will gain great wisdom. The patterns will become plain to you and you will know how to judge for yourself.
I agree with you. It is in did crazy to get paid on recruiting people to invest and joining fee for membership is too much. Janine who is registered here in South Africa she is something else because she is been running this scam from 2018 without registration number then in 2020 she registered a company that has no mission, vision and goals. It is obvious they are scammers.
@Neo: As you have seen, most of the time any “registration” these scammers do is meaningless. Registering a company and getting a tax ID doesn’t mean you’re registered to sell securities to anyone; those are two different things.
Then they’ll lie and say they are not selling securities, even though they are. (If you take in money from someone who expects to get back more than they paid in, that’s a security. Pretty simple.)
Then there are the countries with so little oversight, scammers flock to “register” there to look legit. According to Oz, Companies House in the UK is an example. Dubai is another. But again, they are just registering their name, not to sell securities.
Qz why is it that authorities has not arrested the 3 so called criminals and throw them in jail. Where are all the evidence
Why is these 2 persons allowed to carry on with there corrupt scam so to speak.
SEC cases are civil, meaning no jail time. Criminal matters are initiated by the DOJ, who I can’t speak on behalf of.
COVID-19 has thrown court scheduling out of whack in the US. Things are unfortunately taking much longer than they would otherwise.
Qz at least authorities should prevent such persons to run such a business anywhere in the world and to prevent them from carrying on and misuse people through marketing the scheme how do one prevent these people of scamming money using such activities.
Seems people think it is within the law. They are untouchable it seems.
Regulation is reactionary by nature. You can’t “Minority Report” prevent people from committing crime.
I think in South Africa, Namibia and Zimbabwia they must be brough to book.
I was recruited early in 2020 and recruited 3 members. We were all under the impression that we would get paid in Rand with the conversion of Data Points, E-Passes and W-Passes.
Sadly, all the promises were empty. They do not respond to any queries that I have sent.
Ex: bonuses were promised after promotion and six months later, my team and I have not received a cent.
They have put me on a list…… What list? Why would they open a branch in Richards Bay. Why can’t they send me payment details, etc. from date that I started???????
And so the queries just piled up and now they are busy with another migration?????
Any advice how I can bring all this mess to light and expose them?
I am not going to say, oh my, look what happened – I am going to expose them – one way or the other….. !!!!!!!
Wonder above wonder, they are not replying to a long list of queries that I keep sending them. It is a new system where you are supposed to receive an answer between 24 – 72 hours….
And I am still waiting…. They have an automated message that keeps on reflecting saying that seeing that they have not received an e-mail from me confirming that the query has been solved, they are closing the ticket – not one query have been answered or sorted on their side.
Any advice on exposing the “company” that promises financial freedom to all that enrolls. I am going to expose them one way or the other.
The sooner you realize Ryan Evans is a Ponzi scammer and is only interested in stealing your money, the easier this becomes.
I have deposited R3000 a joining fee to a guy in Pretoria as joining fee for myself and my wife.
I have been uploading slips and got data points on my back office which you cannot withdraw. Ŕeally this is a scam.
Burgersfort is worse. Elamant is making a killing in the expense of poor people of Limpopo province.
I was introduced to this company 5 weeks ago which was sold in very good way. To be honest it seemed to good to be true!
I had to do my research which lead me to many reviews.
Ryan Evans CEO of Elamant was in a previous company that he did not own himself. Savian USA owned.
This company is involved with the SEC and owner Eric Darius. I believe Ryan was an affiliate and made his way to Opperations just before the Ceo closed Savian.
Ryan Evans states that he seen the vision of Data Collection and enhanced it to a level that would be sustainable. This is questionable.
We see there is a portal for uploading receipts and many get paid for the receipts however no actual money has been given for this other then Data Points.
Some members have posted on social media with screen shots of Data points paid in different ways such as Bitcoin and PayPal however this did not last long for all to enjoy.
There is a Pass Option which seems good at the time however soon many lost interest as you have to sell those passes to receive money.
Recently the Elamant Pay card was announced. This been the second round of paying for cards. This gave Hope to many which was soon let down as the ‘Minimum order’ was not achieved. Even after the CEO stated the company paid the additional.
Ryan than announced he would be bringing the bitcoin function sooner than later as the Pay card will be delayed. Interesting! Why not give this option previously before the PayCard announcement?
Members were able to select a Bitcoin withdrawal last week in which I can see today on social media that members have been paid in their wallets.
My next investigations came with a name and what seems to be the face of the Company all over social media Janine Ashington
I hear many people talk about Janine Ashington with high quality which i found interesting coming from an African Market. There has been mixed reviews about her but a high percentage that she is well-known and loved across the World.
I investigated the negative comments about her, especially needing clarification if she owns or has shares within Elamant and found that she was originally a member in 2017 however promoted to Operations Director shortly after.
Further down the line in 2019 she made a public post that she was relinquishing her position in Corporate and walking back into the field of supporting a Team which meant she was starting back as a normal member in Elamant.
Further investigations were confirming her County Status which i have found that she is a South African Ciizen and born in Zimbabwe. I believe she spent a few years in the United Kingdom as she has nationallity as well. I have yet been able to speak to her as I would like to clarify a few things regarding the business.
I am still not convinced about the business and what category it falls under however I would like to see or hear more to continue my fact finding.
My interests is the Travel Portal and Map Portal the members are currently advertising. This would be interesting to see if they do give value to this business. What will the public achieve with these additional platforms?
Is this business sustainable and how? Is it surviving from membership sales or what additional revenue does it bring?
I recently seen that the so called Pass Economy is closing and members will pay direct to the Company for the Company to pay the members directly.
This would seem that the company would have sustainability but why only now? How did the company last this long without receiving money for memberships if all was filtering passes directly within members?
I shall come back to provide addition verdicts from further investigations.
Honestly, what’s there left to investigate?
Ryan Evans is a defendant in the SEC’s Savian lawsuit. Elamant is literally a 1:1 Ponzi clone of Savian.
The only difference is instead of Eric Dalius stealing from the Chinese, Evans is stealing from gullible Africans.
Yes, Elamant is scam. No doubt about it.
Article updated to note the SEC has filed for summary judgment against Ryan Evans.
Article updated with outcome of summary judgment hearing.