Articles under ‘Traffic Monsoon’:

Traffic Monsoon Receiver recovers $4.3 million from Allied Wallet

On November 29th the Traffic Monsoon Receiver filed her Third Stats Report. In it the Receiver revealed over $4.3 million has been recovered from Allied Wallet.


Traffic Monsoon investor Paypal case stayed

Kingsley Ezeude and Chukwuka Obi respectively invested $2216 and $2238 into the Traffic Monsoon Ponzi scheme. Back in May the pair sued PayPal, alleging PayPal as aware that Traffic Monsoon was operating a Ponzi/pyramid scheme and that Traffic Monsoon was commingling investor money and paying existing investors with new investors’ money, in obvious Ponzi/pyramid scheme [Continue reading…]


Scoville addresses SEC, mixes religion with Ponzi scamming

I don’t profess to have familiarity with every religion on Earth. But as I understand it, with the exception of perhaps a few outliers, not stealing from people is a general rule accepted in most religions. This makes Charles Scoville’s latest religious themed rants on Facebook all the more bizarre. Put simply: How you going [Continue reading…]


Traffic Monsoon Receiver seeks to file amicus brief in appeal case

With both Charles Scoville’s and the SEC’s briefs filed in the Traffic Monsoon appeal case, Scoville now has the option of filing a reply brief. On October 20th Scoville requested an extension of time to file his reply, which was granted later the same day. The court gave Scoville until November 13th to file his [Continue reading…]


Receiver decides Traffic Monsoon victims will not file written claims (updates)

A common trait of multi-million dollar Ponzi schemes is a lack of independent accounting on the backend. Records are stored higgledy-piggledy and often riddled with errors and/or incomplete. Traffic Monsoon is no exception, with the Receivership currently sifting through millions of transaction records in an attempt to forensically piece together the business. While circumstances might change [Continue reading…]


Scoville’s new business to use bitcoin and be “outside the USA”

Charles Scoville is currently at the center of regulatory action against the Traffic Monsoon Ponzi scheme. After the granting of a preliminary injunction against Traffic Monsoon, based on the likelihood of the SEC winning at trial, Scoville filed an appeal. The appeal is still playing out in court, with a decision expected to be many [Continue reading…]


PayPal sued for facilitating Traffic Monsoon Ponzi fraud

Known throughout the MLM underbelly for it’s prohibition of Ponzi and pyramid schemes, PayPal nonetheless still pops up as a payment processor for various schemes. The problem with PayPal’s current fraud detection mechanisms is that, by the time it’s detected, the damage has already been done or PayPal quietly freeze the account. No information is [Continue reading…]


Traffic Monsoon Receivership to continue during appeal

Following the filing of an appeal by Charles Scoville, there’s been some uncertainty as to the status of the court-appointed Receivership. In particular, whether or not recovery efforts would continue while the appeal was being decided on. While distribution payments might not be possible pending the outcome of the appeal, the good news is the Traffic [Continue reading…]


Charles Scoville files Traffic Monsoon Ponzi decision appeal

Seems kind of pointless claiming a company that solicited $50 investments on the promise of a $55 ROI wasn’t an investment scheme, but if the alternative is admitting you conned thousands of people out of millions of dollars – here we are. On April 14th Charles Scoville filed an interlocutory appeal against the recent granting of [Continue reading…]


Traffic Monsoon investor claims he can put Scoville away “for life”

In the aftermath of the preliminary injunction granted against Traffic Monsoon and owner Charles Scoville, donations to Scoville’s legal fund appear to have tanked. As per the “Scoville Legal Defense Fund” website, $1520 has been donated as of March 31, 2017. Legal costs for February, 2017 were $4840. Legal costs for March have not been disclosed. [Continue reading…]