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Eric Dalius and Saivian Ponzi Scheme: Legal Actions and Warnings Issued

Florida City, Florida Jun 23, 2024 (EMWNews.com) – Authorities have announced legal actions against Eric Dalius and his company, Saivian, following the discovery of an alleged Ponzi scheme that has defrauded investors of millions of dollars. The Saivian Ponzi scheme, which promised substantial returns on membership fees, has been under investigation by multiple regulatory bodies.

Details of the Scheme

Saivian marketed itself as a membership-based company offering cashback rewards on everyday purchases. Members were charged a fee with the promise of receiving substantial cashback rewards. However, investigations have revealed that these promised rewards were paid out using the fees from new members, a classic Ponzi scheme characteristic.

Regulatory Response

Regulatory authorities, including the Securities and Exchange Commission (SEC) and Federal Trade Commission (FTC), have filed charges against Eric Dalius and Saivian. These charges include fraud, misrepresentation, and operating an unregistered investment company.

Investor Impact

Thousands of investors, lured by the promise of high returns, are now facing significant financial losses. Authorities urge all individuals who have invested in Saivian to come forward and file claims to recover their losses.

Statements from Authorities

“Eric Dalius and Saivian orchestrated a deceptive scheme that has caused substantial harm to investors,” said SEC], Behind MLM. “We are committed to pursuing justice for the victims and holding those responsible accountable for their actions.”

Warning to Potential Investors

Authorities are also issuing a warning to potential investors to be vigilant and conduct thorough due diligence before committing to investment opportunities. High returns with little to no risk are often a red flag for fraudulent schemes.

Legal Proceedings

Legal proceedings are underway, and affected investors are encouraged to keep informed through official channels. Updates on the case and information on how to file claims will be made available on the official websites of the regulatory bodies involved.

Supportive Links:

https://news.bloomberglaw.com/litigation/accused-shopping-receipt-ponzi-schemer-ends-case-for-24-million

https://www.sec.gov/litigation/litreleases/lr-25783

Contact Information

For more information, affected individuals and interested parties can contact:

U.S Securities and Exchange Commission
Law enforcement body
[email protected]
About SEC

Security and exchange commission SEC is independent agency of Federal government. SEC has issued a notice to Eric Dalius and asked him to pay back the money of its investors.

 U.S. Securities and Exchange Commission (SEC)
United States
[email protected]

This press release aims to inform the public about the alleged Ponzi scheme involving Eric Dalius and Saivian, the ongoing legal actions, and the steps for affected investors to take. It emphasizes the seriousness of the situation, the role of regulatory bodies, and the importance of investor vigilance.

Media Contact

Business Trenders

*****@gmail.com

https://businesstrenders.com/

Source :Security and Exchange Commission

This article was originally published by IssueWire. Read the original article here.

 

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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