Eric J. Dalius’ Saivian settlement has cost him $24 million USD.

On February 3rd the SEC filed a stipulation requesting judgment against Dalius and Savian LLC.

On February 6th final judgment was granted, ordering Dalius (right) to pay

$20 million in disgorgement

$919,215 in prejudgement interest and

a $1,500,000 civil penalty

Saivian LLC was ordered to pay an additional $1.5 million civil penalty, bringing the total recovery to exactly $24 million.

An injunction was also granted, prohibiting Dalius and Saivian LLC from committing further acts of securities fraud.

News of Dalius’ Saivian settlement
emerged last August
. Likely in anticipation of having to return the millions he stole through Saivian, Dalius
sold a waterfront mansion in Florida for $25 million
last month.

The 9,300-square-foot, seven-bedroom, nine-bathroom mansion was built in 2016 on 0.5 acres, according to property records.

The property includes a 103-foot-long pool, massage pavilion, outdoor kitchen, and 100 feet of waterfront with a dock and boat lift.

Dalius
launched the Saivian Ponzi scheme
back in 2015. BehindMLM
noted Dalius’ purchase of the Florida mansion
in early 2018.

Dalius and his wife bought the North Bay Road home for $16.5 million in 2017, records show.

Through Saivian, the SEC alleged
Dalius defrauded consumers out of at least $165 million
.

After Saivian Dalius launched MuzicSwipe in 2021.

We value a community full of rising artists with their engaged fans to become immersed in a platform where users can swipe and stream to discover new artists and music.

SimilarWeb recorded just 941 visits to MuzicSwipe’s website in December 2022. In January 2023 visits rose to 30,000.

Getting back to Saivian, Dalius’ partner-in-crime Ryan Evans remains an active defendant in the SEC’s case.

Pending a settlement, Evans is scheduled to face trial on June 6th, 2023.

🤖 Quick Answer

What was the total settlement amount in the Eric Dalius Saivian fraud case?
The SEC secured a $24 million settlement against Eric J. Dalius and Saivian LLC. The judgment included $20 million in disgorgement, $919,215 in prejudgement interest, and $3 million in combined civil penalties. An injunction was also imposed prohibiting further securities fraud activities.

When was the final judgment rendered in the Saivian case?
Final judgment was granted on February 6th, following an SEC stipulation filed on February 3rd requesting judgment against Dalius and Saivian LLC. The court ordered immediate payment of all assessed amounts and issued an injunction against future violations.

What assets did Eric Dalius liquidate following the settlement announcement?
In anticipation of the settlement obligations, Dalius sold a waterfront mansion in Florida for $25

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