Pursuant to a stipulation between Eric Dalius and the SEC, Dalius’ wife Kimberly has been dropped as a relief defendant.

The SEC
sued Dalius and his company Saivian
late last year. The regulator alleges Saivian was a $165+ million dollar Ponzi scheme

For her role in assisting her husband run Saivian, the SEC named Kimberly Dalius as a relief defendant.

As per the filed January 30th stipulation, Dalius has agreed to

provide the SEC with twenty (20) days’ notice of certain potential uses of assets and to maintain an agreed upon minimum balance in his bank or brokerage accounts.

In exchange the SEC agreed to

dismiss relief defendant Kimberly Dalius, without prejudice and subject to Mr. Dalius’s compliance with the Notice Agreement.

The stipulation was approved on January 31st. On February 5th the SEC filed a notice of dismissal pertaining to Mrs. Dalius.

The latest filing in the Saivian Ponzi case is a February 25th stipulated agreement, in which an extension to Dalius’ response deadline is requested.

The stated reason for the request is

ongoing discussions that could eliminate the need for Defendants to respond to the Complaint.

Whether Dalius will reach a settlement with the SEC however remains to be seen.

In the meantime the stipulation was granted, extending the response deadline to April 5th.

Stay tuned…

Update 7th January 2020 –
No settlement as at the time of this update.

As per an order last month, the SEC vs. Saivian trial has been
scheduled
for March 2021.

🤖 Quick Answer

Who is Kimberly Dalius and why was she involved in the Saivian lawsuit?
Kimberly Dalius is the wife of Eric Dalius, founder of Saivian. The SEC named her as a relief defendant for assisting her husband in operating what authorities allege was a $165+ million Ponzi scheme. She has now been removed from the case following a settlement agreement.

What conditions did Eric Dalius agree to in order to have his wife dismissed from the case?
Eric Dalius agreed to provide the SEC with twenty days' notice regarding certain potential uses of assets and to maintain an agreed-upon minimum balance in his bank or brokerage accounts. In exchange, the SEC dismissed Kimberly Dalius as a relief defendant without prejudice.

When was the stipulation between Eric Dalius and the SEC approved?
The stipulation was filed on January

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