EJ Dalius & the Saivian Ponzi Scheme – Promises Too Good to Be True
In this episode, we delve into the world of Eric J. Dalius, a mastermind behind the Saivian Ponzi scheme that promised incredible cash-back rewards for everyday purchases. Join us as we expose the elaborate pitch and the captivating persona of Dalius, who mesmerized investors with promises of lucrative returns.
The Alluring Trap of Cash-Back Riches
Dalius used his charisma to draw investors into Saivian’s web. His promise was simple yet seductive: spend on the mundane, earn the extraordinary.
Saivian’s structure was classic multi-level marketing (MLM), urging investors to recruit affiliates and build their downline. In a video, Dalius boasted of creating nearly 60 millionaires within 18 months. But in reality, it was a façade— a pyramid built not on solid business practices but on the backs of new investors.
The Financial Domino Effect: Collapse of a Scheme
We trace the flow of money, revealing how the 20% cash-back was nothing more than a redistribution of funds from the new to the old. Saivian’s proclaimed revenue streams from marketing partners and POS receipts were virtually non-existent.
The Fate of a Ponzi Schemer: Eric J. Dalius Today
What became of Eric J. Dalius after the inevitable collapse of Saivian?
Join us in Episode 2 as we dissect the machinations of the Saivian Ponzi scheme and the man behind it. Eric J. Dalius’s story serves as a stark reminder of the persuasive power of false promises in the world of investment scams.
SEC original complaint: https://www.sec.gov/litigation/complaints/2019/comp24644.pdf
Listen to episode 2: Eric J. Dalius & The Saivian Ponzi Scheme on your podcast platform of choice: