Charles Scoville vows to fight Traffic Monsoon Ponzi case
In the wake of the SEC’s allegation that Traffic Monsoon is a $207 million dollar Ponzi scheme, owner Charles Scoville has publicly responded to the allegations.
In a Facebook post published about an hour ago, Scoville claimed he’s going to ‘stand up against (the SEC’s) claims in a court of law.‘
The SEC alleges Scoville was in the process of transferring unfrozen PayPal funds to his personal accounts, with the intent of then transferring the funds offshore.
In his Facebook post, Scoville claims
PayPal started to release funds.
Fake checks were circulating around using the bank account and routing numbers made available online for customers purchasing services, so I moved the funds out of the business account until I could get to the USA, go into a chase branch, and send those funds to payza.
Then, I was going to surprise members with an early release.
Convenient much?
People had been circulating fake checks using bank account and routing number info provided online..
I moved the funds out from the business account into my personal account to avoid those from clearing, also– I intended to send those funds to payza as the note on that transfer indicates.
I just couldn’t make that large of a transfer to pay people what they had earned until I was able to go into a chase branch.
I didn’t pay myself that money. I was positioning that money to be sent to payza, but I wasn’t given a chance to do that because I hadn’t been able to go into a chase branch since I was out of the country.
In response to Traffic Monsoon being a Ponzi scheme, Scoville (right) seems to believe pseudo-compliance about a lack of ROI guarantee will stand up in court.
There’s no promised “returns” as I have always said, and the website and my videos doesn’t say anything of the sort..
I’ve never guaranteed 10% returns.. only that as we sell ad service people who click ads in the traffic exchange can qualify to share in revenues up to a maximum of $55 .. without any time frame affixed whatsoever.
Despite the SEC spelling out the use of newly invested funds to pay off existing investors is what makes Traffic Monsoon a Ponzi scheme, the thought appears lost on Scoville.
I was definitely sharing profit margins with people as I have outlined. No investment is offered on traffic monsoon as it clearly states.
No promise of returns — only promise of ad service, with an explanation that people can click through ads and qualify to share in the revenues, which couldn’t possibly be guaranteed.
Whether Scoville has acquired legal representation is as of yet unclear.
If he intends to rock up on court on August 5th and go on about a lack of ROI guarantee though, looks like we’re in for a steamroll hearing.
I was just about to fly to Utah to make that transfer and surprise everyone with an early release to some of the positions and balances.
In his post, Scoville mentions he was “out of the country”. The above suggests he was about to fly back into the US before the SEC were granted a TRO.
Whether Scoville is currently in the US has yet to be confirmed.
Update 28th July 2016 – In a new Facebook update, Charles Scoville has claimed he’s since spoken with the SEC.
Good news. I spoke with the SEC this evening, and they have been so kind and wonderful.
They have recognized I have been very honest and open with them about everything, and they recognize my pure intentions behind this business.
They know and can confirm that the reason I moved funds to my personal account previously to coming to the USA was to protect people’s money from these fraudulent checks circulating.
They feel we can work something out that allows Traffic Monsoon to move forward through restructuring.
More discussions will follow, but I have expressed to them that I want to find through creativity working together with the SEC a way to make everyone happy, or at least say: “oh, it’s not that bad!”
Additional conversations and meetings with them will follow.
You don’t restructure a $207 million dollar Ponzi scheme. While Scoville may have spoken with the SEC’s lawyers today, I find it highly doubtful any meaningful negotiations have taken place.
The SEC know the granting of a preliminary injunction on August the 5th is a slam dunk, they’ve got no reason to negotiate with Ponzi scammers.
Sure you are Charles. That’s what Paul Burks said, and we know how that turned out for him. You’ll cut a plea deal so fast it would make a dummy’s head spin.
And how many scams has Scoville been involved with in the past? If memory serves, the number was in the ‘teens.
That should go over well in court!
lol Scoville is toast.
If I were Charles I would save his breath and money fighting it. He won’t win.
What is it with these guys in denial, even when the SEC moves in.
I’m already seeing posts by affiliates claiming the SEC is wrong and it is legitimate. And some are asking leaders why they didn’t see it coming.
Doesn’t anyone, including desperate people, greedy people want to take any responsibility for their actions.
Surely people can’t be that thick to think profit share will pay out more than a bank, stock market, gold etc. Crazy.
So how many of the top recruiters are really in on monsooon? Will they get dragged into court as well and their money taken?
With all these back to back ponzi shut downs lately looks like things might be heading in the right direction.
Newbies should be getting the message of looking before they leap.
Scoville’s provided the SEC with a database of every transaction that went through Traffic Monsoon. This database will obviously be utilized by the Receiver.
With most of that being Paypal, should be easy for the Receiver to track who was paid what. The jurisdiction of Traffic Monsoon’s net-winners might pose a problem though.
He’s still hiding in Dubai and will not be back to the USA, I can guarantee that.
I can’t believe he thinks that was a good excuse. I doubt the tax office would just accept 21 million was transferred from a business to a personal account and more attempted just to stop his bank from clearing fake checks lmao.
The figures show that TM took 207 million in funds but have nearly 800 million of adpacks sold which would cover repurchases, but there is a 550 million plus shortfall in paying it all back which obviously shows how unsustainable it is.
I can’t wait to see how Sharon James, Immy Aslam, Adrian Hibbert and the other pimps are going to find the money to pay back. They are all still in the UK and have been splashing the cash for months.
Which is why TM lasted this long, whereas Zeek imploded quickly.
TM only promised 5% gain. Zeek was promising 25% gain and more.
He won’t be when US put a Interpol red notice on him like Brazil did to Sann. Though kinda doubt that would happen.
Don’t think he can be extradited from Dubai.
Really do you think Scoville was tge only one in on this. Nothing this big can be the results of one person.
I will net the shirt off my back, there was a team of people in on this.
The latest load of BS from Charles, and I quote:
Uh Charles, you have a hearing where you get to present your side of the argument. I know you have a lot of ignorant people who will buy this latest load of BS, but you are only making it worse for yourself with your members telling this whopper.
This is the REAL Frank Calabro Jr. I see another HATER wishes to be me. Happy Wednesday Rock Stars!!!
Not directly, no. UAE indeed has no extradition treaty w/ the US. OTOH, should Scovie slip up and try to promote something contra to local laws, he can be kicked out then he’s subject to extradition and all that.
Good ol’ feds swoop down on their ponzi prey when they’re plump and ready for the serving.
It’s going to be hard proving people were actually buying stuff through all of the ads clicked on.
Good luck.
Kasey: Charles was providing a 10% ROI on the $50 ad pack purchase, but he was paying 110% back to the members at the end of 45-55 days. He paid them the 10% and then gave them all of their ad pack purchase to boot. That was the “hot” selling point of TM to the masses.
Everyone knows that a legitimate company can pay back to its customers 110% of their purchase price at the end of 45-55 days and not be a Ponzi. It was hard to type that with a straight face.
You’d be surprised at how many people either do not bother to research the history of Charles Ponzi when entering these programs or simply do not care that the money is stolen from other members as long as it pays them.
Won’t be too hard.
Just look at the types of ads anyone had to look at. Most of the ads were more ponzi schemes!!
Who seeks out a ponzi site to decide their next major purchase?
I see all opportunity meetings in UK have been postponed. See: tmworldevents.com/
I wonder if anyone has told the venues they have been hosting a giant ponzi scheme.
Article updated with Scoville’s latest Facebook post. Thanks Lynn.
PS. I’d be pretty surprised if an arrest warrant hadn’t been issued for Scoville under seal.
Troy Barnes and Kristy Johnson got done for Achieve Community, a $3.6 million dollar Ponzi scheme.
Daniel Filho got done for DFRF Enterprises, a $22.8 million dollar Ponzi scheme.
Traffic Monsoon was/is a $207 million dollar Ponzi scheme. Think about that.
OZ is on the money (no pun intended) as usual. Any leader with any intelligence would make this site and realscam dot com their first port of call when deciding which online businesses to join.
Who wants to follow someone who hasn’t the mental faculties to make wise decisions. I know I don’t!
ernie ganz [a convicted drug dealer and ponzi player] who helped charles scoville run traffic monsoon, has published a video update a few hours back.
ganz describes himself as a ‘friend’ of scoville, and claims he has been in constant touch with him since this SEC case was lodged.
ganz says scoville will fight the SEC, not by going to court, but by ‘settling’ with them. he claims scoville has a conference with the SEC tomorrow, where the settlement will be ironed out. he also claims that TM will be allowed to continue with some ‘restructuring’.
ganz says that scoville is such an honest genuine guy that he has only a one bedroom house in utah, US, and a flat in the UK ‘where he lives’.
meanwhile, how unbelievably daft does scoville have to be, to believe that the SEC is sympathetic towards him – ‘I spoke with the SEC this evening, and they have been so kind and wonderful’.
if scoville is not in the US, then any sweet talk by the SEC is probably to lure him back to the states, where an arrest warrant under seal awaits him.
youtube.com/watch?v=ZGlZKvxEuQE&feature=youtu.be
Very likely no one. And if anyone did it would be a microscopic few.
Not enough to generate sales revenue to be ligitimately profitable for the company and to pay anyone from.
LOL. I’m not at all surprised