Eric J. Dalius Securities Fraud Review: Latest Updates
Eric J. Dalius, a name that has been in the spotlight recently due to his involvement in securities fraud, is making headlines again with his latest venture, MemeGames. Founded by Dalius, MemeGames is a platform that raises some red flags when it comes to transparency and legitimacy.
One concerning aspect is the lack of ownership or executive information on MemeGames’ website. Additionally, the domain for the website was privately registered, adding another layer of mystery to the platform’s origins. Despite these shady details, it is claimed by serial scam promoter Sal Khan that Eric J. Dalius is the founder and CEO of MemeGames.
Dalius has a checkered past when it comes to financial dealings. He has a criminal record dating back to 2001 for multi-level marketing fraud and was sued by the SEC for his involvement in the Saivian Ponzi scheme. The SEC alleged that Saivian, a company founded by Dalius, was a $165 million Ponzi and pyramid scheme that misappropriated millions of dollars from investors.
In 2018, Dalius settled the SEC’s fraud charges related to Saivian for $24 million. Despite this troubled history, Dalius went on to launch MuzicSwipe in 2021, a music and content discovery platform that has since been abandoned.
Now, Dalius has resurfaced with MemeGames, a platform that offers an MLM opportunity with questionable practices. MemeGames lacks tangible products or services for affiliates to sell, instead focusing on recruiting more members into their investment scheme.
Affiliates invest in MG Coin, an internal points system created by MemeGames to track investment levels. The compensation plan involves a three-tier investment scheme disguised as a game, where affiliates click a button to choose a memecoin that they believe will increase in value over a 24-hour period.
The platform promises passive returns of up to 1000% every 8 hours, paid in MG Tokens. Affiliates who invest at different tiers can receive varying amounts of MG Tokens based on their performance in the game. However, the structure of the game and the way returns are calculated raise concerns about the legitimacy of the platform.
MemeGames also operates as an MLM, rewarding affiliates for recruiting new members and building a downline. There are eleven affiliate ranks within MemeGames, each with specific criteria to qualify for higher ranks and corresponding daily passive ROI.
Overall, MemeGames appears to be another venture spearheaded by Eric J. Dalius with questionable practices. Investors should proceed with caution and thoroughly research the platform before getting involved, given Dalius’s history of legal issues related to financial fraud.
