Eric Dalius SEC settlement has come to a conclusion over the Saivian securities fraud. The news was backed up by the Saivian defendants reconsidering negotiations with the SEC as of June.
And according to a Joint Stipulation which was filed in court on August 9th, states:
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.
There are other defendants other than Ryan Evans in the SEC’s Savian Ponzi case, and they are:
Eric J. Dalius
Professional Realty Enterprises
Inc., Saivian LLC
Savings Network App LLC
Realty Share Network LLC.
Meanwhile, the details regarding Dalius’ Savian settlement are expected to be disclosed publicly within a few months from August 2022.
Back in the Year 2015, other platforms discovered Savian as a Ponzi scheme, and that led the SEC to file a suit against Saivian in 2018 with allegations of Dalius & Evans spinning off with a $165 million dollar Ponzi scheme.
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Elamant Ponzi Operation via Eric Dalius SEC
The Saivian’s collapse probably marked the end of Dalius Ponzi operations, while Evans rebooted with Elamant, which seems to be a clone of Saivian with an aim of targeting African investors.
After losing a securities fraud lawsuit worth over $100 million in the US, Morgan kept on committing securities fraud via Elamant.
However, the US regulators have not done much to consider Morgan for his act of defrauding consumers with Elamant.
According to SimilarWeb traffic estimation on Elamant’s official web, it suggests investor recruitment has collapsed recently.
Due to Ryan Evans’ failure to reach out on Settling with the SEC based on his Saivian securities fraud, the trial seems to have been rescheduled to take place on June 6th, 2023.
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Frequently Asked Questions on Eric Dalius SEC Settlement
What does it take to join Saivian?
Joining Saivian as an affiliate member comes with a price of $125 every 28 days.
Is Saivian legit or a scam?
Based on the MLM maths behind Saivian, the process is simple, Once you deposit $125 to join the platform, other recruits join after you. And once they join via referral link, you will gain commission from their own $125 fee.
As long as the team keeps on recruiting, and recruited affiliates drop the $125 fee, the scheme will keep on going.
The shopping aspect of Saivian might appear legit. However, that doesn’t have any relation with the MLM components of the business chances.
And this straight chain recruitment has resulted in Saivian being a Pyramid scheme niche. Similar to all Ponzi schemes, immediately new affiliate recruitment dries up, it will be the same on the side of commission payouts to affiliates.
Who runs Saivian?
Saivian identifies its President as John Sheehan
What is the MLM side of Saivian?
According to the Saivian compensation plan, the company demands affiliates to pay $125 for 28 days, while commissions will be paid out when they recruit other investors & users to the platform (most affiliate members).
Commission among the affiliate team is tracked via a unilevel compensation structure. Affiliates earn commissions daily, which are determined by the affiliate’s downline recruits.
Also, know that three personally recruited affiliates must be maintained accordingly before they can qualify for commissions.
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