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.
Saivian @ BehindMLM
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.
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 an order made last month, the SEC vs. Saivian trial has been scheduled for March 30th, 2021 (not a typo).
An filed amended complaint has added Ryan Morgan Evans to the SEC’s Saivian Ponzi lawsuit.
Pursuant to a stipulation between Eric Dalius and the SEC, Dalius’ wife Kimberly has been dropped as a relief defendant.
Three years. If you’re wondering how long it might take the SEC to catch up with your multi-million dollar MLM Ponzi scheme… three years. Eric J. Dalius launched the Saivian Ponzi scheme in 2015. Likely due to his past indictment and conviction for wire and mail fraud, for the first year of Saivian’s operation Dalius [Continue reading…]
Elamant launched in late 2017 and appear to operate out of Singapore through “Elamant PTE LTD”. Elamant PTE LTD was incorporated in October 2017. A search of the Singapore address used for incorporation reveals multiple businesses using the same address. This suggests Elamant might be using a virtual office service and thus exists in Singapore [Continue reading…]
One of the larger Ponzi scheme launches of 2015 was Saivian. Initially headed up John Sheehan, Saivian’s business model was as pure of a Ponzi scheme as they come: Pay $125 a month, recruit others who did the same and earn up to $3000 a day. That’s it. Despite operating out of the US, for [Continue reading…]
The Saivian website domain (“saivian.net”) was registered on the 30th of October 2015, however the domain registration is set to private. Identified as President of Saivian on its website is John Sheehan. As per Sheehan’s Saivian corporate bio: Mr. Sheehan achieved success in complex organizations such as, network marketing, retail and non-profits. John has worked and [Continue reading…]