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The SEC and Eric J. Dalius have agreed to Saivian securities fraud.

The announcement comes after the Saivian defendants resumed talks with the SEC in June.

A Joint Stipulation was submitted on August 9th;

A settlement in principle was agreed upon between the SEC and the defendants other than Ryan Morgan Evans at a telephone settlement conference that the Parties attended on August 5, 2022.

The SEC’s Saivian Ponzi complaint also names Eric J. Dalius, Professional Realty Enterprises, Inc., Saivian LLC, Savings Network App LLC, and Realty Share Network LLC as defendants in addition to Ryan Evans.

The public is anticipated to learn more about Dalius’ Saivian community at some point in the upcoming several months.

Back in 2015, BehindMLM determined Saivian to be a Ponzi scam. In 2018, the SEC sued Saivian, claiming that Dalius and Evans had run a $165 million Ponzi scheme.

Dalius’ Ponzi scheme came to an end with Saivian’s failure, but Evans persisted with Element.

Element primarily targets African investors and is essentially a copy of Saivian.

Morgan continues to engage in securities fraud through Elamant while facing a $100 million plus securities fraud case in the US.

US officials have not yet pursued Morgan for carrying out Elamant’s ongoing consumer deception. We’ll have to wait and see whether it changes.

According to SimilarWeb traffic figures, investor recruiting for Elamant has completely stopped.

Ryan Evans’ Saivian securities fraud trial has been delayed until June 6th, 2023, barring a resolution between Evans and the SEC.

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