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 the filed motion;

Ultimately, given the uncertainties surrounding the pandemic, including the timing of a potential vaccine and the significant risk of serious illness or even death for the two lawyers leading the defense if they were to contract the virus, Defendants’ proposed modified schedule is eminently reasonable.

Dalius’ attorneys, aged sixty-nine and seventy-one, are stated to have “underlying medical conditions”.

The SEC preferred an earlier reschedule (around August), but didn’t object to the later date requested by Dalius’ attorneys.

Dalius’ motion also provides insight into the current status of the case;

Despite the numerous and overwhelming complications caused by the global pandemic, the parties already have completed document discovery and have begun taking depositions.

Indeed, they have cooperatively agreed to issue subpoenas and remotely take the depositions of several dozen important non-party witnesses located across the country, with the first such deposition taking place yesterday.

However, given the magnitude of this case, counsel for Defendants believe that the depositions of the parties should be taken in person—which cannot happen prior to a significant improvement in the current public health situation, which appears likely not to occur before the introduction and widespread availability of a COVID-19 vaccine.

The motion was granted on September 22nd, pushing the Saivian trial back to November 9th, 2021.

The SEC
sued Savian and Dalius
in November 2018. As per the regulator’s complaint, Saivian was a $165+ million dollar Ponzi scheme.

Daily Exposed concluded the same in our November 2015
Saivian review
.

Update 31st July 2021 – 
Following failed mediation proceedings, a
new September 2022 trial date
has been set.

🤖 Quick Answer

Why was the Saivian fraud trial postponed to November 2021?
The trial was delayed due to COVID-19 concerns raised by defendant Eric Dalius' defense attorneys. Both lawyers, aged sixty-nine and seventy-one with underlying medical conditions, cited health risks and pandemic uncertainties in their motion filed September 18th. The SEC accepted the postponement despite preferring an earlier August date.

Who requested the trial delay and on what grounds?
Defendant Eric Dalius' attorneys filed the motion citing significant health risks from potential COVID-19 infection. They emphasized uncertainties surrounding the pandemic, vaccine timing, and serious illness or death risks for the two senior defense lawyers leading the case with pre-existing medical conditions.

Did the SEC object to the postponement request?
No, the SEC did not object to the November 2021 rescheduling requested by Dalius' attorneys, although

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