Eric J. Dalius has reached a settlement with the SEC over Saivian securities fraud.

The news follows the Saivian defendants
reentering negotiations with the SEC
back in June.

As per a Joint Stipulation filed on August 9th;

On August 5, 2022, the Parties participated in a telephonic settlement conference … during which a settlement in principle was reached between the SEC and the Defendants other than Defendant Ryan Morgan Evans.

Defendants other than Ryan Evans in the SEC’s Saivian Ponzi case are Eric J. Dalius, Professional Realty Enterprises, Inc., Saivian LLC, Savings Network App LLC, Realty Share Network LLC.

Details of Dalius’ Saivian settlement are expected to be made public sometime over the next few months.

BehindMLM
identified Saivian as a Ponzi scheme
back in 2015. The SEC
filed suit against Saivian
in 2018, alleging Dalius and Evans ran a $165 million dollar Ponzi scheme.

While Saivian’s collapse marked the end of Dalius’ Ponzi scamming, Evans doubled down with Elamant.

Elamant
is essentially a clone of Saivian, aimed primarily at African investors.

Despite staring down the barrel of a $100 million plus securities fraud lawsuit in the US, Morgan continues to commit securities fraud through Elamant.

US regulators have thus far not gone after Morgan for continuing to defraud consumers with Elamant. Whether that will change remains to be seen.

SimilarWeb traffic estimates for Elamant’s website suggests investor recruitment has collapsed.

Failing Ryan Evans reaching a settlement with the SEC, his Saivian securities fraud trial has been rescheduled for June 6th, 2023.

Update 8th February 2023 – 
Eric Dalius has
settled his Saivian fraud case with the SEC for $24 million
.

🤖 Quick Answer

What is the SEC settlement involving Eric Dalius and Saivian?
Eric J. Dalius reached a settlement with the SEC regarding Saivian securities fraud following negotiations that resumed in June 2022. The agreement, documented in a Joint Stipulation filed August 9th, involved multiple defendants including Dalius, Professional Realty Enterprises, and affiliated entities, excluding defendant Ryan Morgan Evans.

When was Saivian identified as a Ponzi scheme?
BehindMLM identified Saivian as a Ponzi scheme in 2015. The settlement details were expected to become public within the following months after the August 2022 agreement between the SEC and the defendants.

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