MLM News Hubb
Advertisement
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us
No Result
View All Result
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us
No Result
View All Result
MLM News Hubb
No Result
View All Result
Home Multi Level Marketing News

Eric Dalius’s Saivian fraud settlement recovers $24 million

admin by admin
February 9, 2023
in Multi Level Marketing News


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.





Source link

Previous Post

How to Recruit People Under 30 Years Old by Giorgio Trabaldo

Next Post

How one man tripled his salary in 10 years, plus more inspiring money tales

Next Post

How one man tripled his salary in 10 years, plus more inspiring money tales

Recommended

MBH’s 2nd round of securities fraud

October 15, 2022

James Ward settles JetCoin Ponzi fraud with CFTC

January 17, 2023

The 10 Best Leadership Podcasts to Make You a Better Leader

October 25, 2022

$381,000 in 30 days — Create A Blog & Earn Like Neil Patel. | by Mani Pathak | ILLUMINATION | Aug, 2022

October 14, 2022

Don't miss it

Marketing

Social Media Sharing: How Much Private Information Are You Making Public?

March 21, 2023
Marketing

Comarketing Is Helping These SBOs Reach New Audiences While Saving Money

March 21, 2023
Multi Level Marketing News

Task-based “click a button” Ponzi app

March 21, 2023
Multi Level Marketing News

Brandon Stevens talks about Network Marketing Systems and Duplication

March 21, 2023
Marketing

The 10 Best Content Management Software Tools in 2023

March 21, 2023
Marketing

The Importance of User Experience in DeFi Mobile App Development

March 20, 2023
Marketing

Little Dipper Dab Pen Review | GreenState

March 20, 2023
Multi Level Marketing News

UN World Food Program themed Ponzi

March 20, 2023
Multi Level Marketing News

12 Principles of Network Marketing Success by Simon Chan

March 20, 2023
7 Pieces of Content Your Audience Really Wants to See [New Data]
Marketing

7 Pieces of Content Your Audience Really Wants to See [New Data]

March 20, 2023

© 2022 MLM News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us

© 2022 MLM News Hubb All rights reserved.