Eric J. Dalius’ Saivian fraud case fails mediation, heads to trial
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.
As part of attempts to resolve the case without further litigation, Dalius (right), Evans and the SEC were ordered into mediation proceedings back in May.
A Joint Status Report filed on July 12th reveals mediation and settlement discussions took place on June 28th.
Notwithstanding their efforts to resolve this dispute … the Parties were unable to reach an agreement in principle to settle this litigation during the mediation.
The court accepted the filing and reopened the case.
Looking forward, a July 19th order has scheduled a jury trial for September 13th, 2022.
The SEC sued Eric Dalius in 2018, alleging his company Saivian was a $165+ million dollar Ponzi scheme.
Ryan Evans (right), Saivian’s Director of Operations and Vice President, was added as a co-defendant in October 2019.
BehindMLM identified Savian as a Ponzi scheme in 2015.
Update 29th May 2022 – As per a May 25th order, the SEC v. Saivian trial has been rescheduled for September 20th, 2022.
Update 23rd August 2022 – Eric Dalius has reached a settlement with the SEC.
goes off to order popcorn, like you Oz, called this one a Ponzi early doors.
Thankfully not a single one of my friends were suckered into Saivian – my warnings were accepted.
Suspect they understood after LTW was exposed this was more or less the same, so do not touch.
Others were not so fortunate – I feel for them.
Just a minor update:
The SEC subpoenaed Eric Dalius’ wife, Kimberly Dalius, for deposition.
Dalius filed a motion in opposition seeking to quash the subpoena.
Dalius’ motion was denied on September 27th, allowing the SEC to depose his wife.
Is this a criminal case? Are the charges only civil? What court is the trail at?
Whats the likely hood that they settle before trail?
Civil case. Been going on a for a while and no settlement yet.
Looks like it will go trial, which will end badly for Dalius.
Are there any updates and also I do believe he is the main person to fund his daughters new company/app muzicswipe.
Which also seems like it’s a way for him to party and do luxurious stuff and write it all off as a “business expense” for that company.
I do also believe muzicswipe is made by Russian developers which I find to be interesting seeing as how other then China the entire world hates Russia right now.
I check the docket periodically. Looks like this one is going to trial in September.
Article updated with new September trial date.
JANINE ASSHINGTON HAS CURRENTLY HIJACKED MY HOUSE IN SOUTH AFRICA AND OWS ALLOT OF PEOPLE MONEY IN SOUTH AFRICA.
IS SHE PART OF THIS TRAIL.
Janine Asshington isn’t a named defendant.
They have stolen from innocent African people in South Africa and Janine Ashington is the main person in South Africa they have launched here… Currently she has hijacked my house here in South Africa she is apart of ELAMANT.
Is Janine on the run from the uk hiding in South Africa?
Elamant founder Ryan Evans has been sued for Saivian. Elamant never really took off in the US though so they haven’t gone after him for it.
South Africa doesn’t have the best track record when it comes to MLM securities fraud regulation. I don’t know what “hijacked your house” means, but sounds like something for the local police.