Traffic Monsoon appeal arguments scheduled for March 21st
Just a quick update on the Traffic Monsoon appeal, following arguments from both parties to be heard scheduled for March 21st.
Both the SEC and Scoville have acknowledged the date, so barring any unforeseen events between now and then the hearing should take place.
About a week ago we reported on the District Court of Utah considering an amendment to the Receiver’s duties and powers, specifically in relation to representation of Traffic Monsoon in the appeal.
Briefings from the SEC and Scoville were initially due by February 2nd, however that has now been extended till February 16th.
A Status Conference is scheduled for February 8th, which will probably be our next update.
If nothing significant happens though then we’re probably looking toward the hearing after the February 16th briefs are filed – which will then lead us into the appeal arguments.
Stay tuned…
Update 22nd March 2018 – According to the appeal case docket oral arguments took place today as scheduled.
The appeal case has now been submitted to three Judges for a decision.
How long has this been going on now? Lost track whether it was 2016 or 2017 when Traffic Monsoon was shut down.
Justice is soooo slow and even slower to non-existent with politicians 😛
Not saying Charles is a politician. More like a corrupt nutcase who thinks finding god on his journey to the abyss somehow justifies his actions in stealing millions of dollars from his victims 12 times in a row. Maybe more but the 12 scams are the ones we know.
It was 2016 and I believe TM was documented as number 17 for him. 🙂
And yes, these things unfold excruciatingly slow.
I consider the SEC to be the crooks here. They could have refunded all the money owed to members of TM from the 61 million they siezed. And then went after TM.
INSTEAD THEY CHOOSE TO USE OUR MONEY FOR ALL THESE COURT HEARING LIKE IT WAS THERE OWN.
Too much kool-aid, abort abort!
1. The only crooks in the Traffic Monsoon case are Traffic Monsoon itself, Charles Scoville and the net-winners. They are the ones that stole your money.
2. Victim distributions are made through a Receivership. This can’t move ahead until the appeal is resolved. The appeal was filed by Charles Scoville, who is drawing out the inevitable for as long as possible.
3. The SEC is funded by the US government. Your money is frozen, with a small percentage of it used to fund the Receiver.
Cleaning up a Ponzi scheme costs money, it’s unfair to expect taxpayers to fund your financial fuckups. Be thankful you even have the prospect of getting anything back.
You could have done some due diligence. Scoville ran something like 17 scams before TM. Realscam had a thread going for years reporting on the serial scammers who were promoting this.
As far as I’m concerned, “participants” are party to the crime – some were just worse than others.
I’d rather see the SEC donate the forfeited Ponzi money to charity, or use it on educational ad campaigns about MLM/Ponzi schemes, and not return any of it.
Without consequence, no one will learn a lesson for the future. We need to stop rewarding your bad behavior and/or ignorance.
You sound like you would be one of those entitled thieves. The kind that robs a bank and then sues them because you slipped, fell, and fractured your leg during your heist.
And yep, like Oz said, I don’t want my tax dollars paying for your “financial fu€k up”.
Update acknowledging oral arguments took place today as scheduled.