Traffic Monsoon @ BehindMLM

Italian Traffic Monsoon investors settle claims with Receiver

A group of Italian Traffic Monsoon investors fell for the old “pay your upline instead of the company” MLM Ponzi ruse. The upline was Fabiano Santos, aka Maurizio Longo, who directed his victims to invest upwards of $1 million through his shell company Advertising Corp. Doubling down on his fraud, Santos filed investor claims with [Continue reading…]

Traffic Monsoon Receiver confirms Imtiaz Aslam fled to Dubai

The Traffic Monsoon Receiver has confirmed Imtiaz Aslam has fled to Dubai. The revelation was made in a motion to serve Aslam by alternative service, filed on July 19th.

Special Master to decide unresolved Traffic Monsoon claims

Unresolved Traffic Monsoon victim claims are holding up distribution payments. As ordered by the court, 508 unresolved claims will now be decided by a Special Master.

Scammers resurrect Traffic Monsoon Ponzi, add crypto

The notorious Traffic Monsoon Ponzi scheme has been resurrected. This time opportunistic scammers are hoping to fleece new victims through cryptocurrency.

Traffic Monsoon Receiver working on plan of distribution

The Traffic Monsoon Receivership has flagged work starting on a “plan of distribution”. The announcement follows resolution of a significant percentage of investor claims.

Traffic Monsoon cops $145 million final judgment in SEC case

Traffic Monsoon has had a $145 million Final Judgment entered against it. I’m a little bit lost on the procedural side of things, as the Final Judgment follows a $2.5 million Jan 2021 default judgment order.

Traffic Monsoon Receiver drops sale of Scoville’s UK apartment

The Traffic Monsoon Receiver has announced she’s stopped pursuing the sale of Charles Scoville’s UK flat.

FTC sends 379 MLM companies deceptive/unfair conduct notices

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]

$36.3 million in Traffic Monsoon victim claims approved

A May 10th Receivership Status Report reveals that 12,500 Traffic Monsoon victims have had their claims approved. The total dollar amount of approved claims so far comes to $33,383,808.

Traffic Monsoon Receiver renews Canadian clawback efforts

Back in October 2019 the Traffic Monsoon Receiver sought to employ local attorneys to go after Canadian net-winners. The motion was denied later the same month. In denying the motion, the court recommended the Receiver ‘solicit multiple bids from attorneys experienced in this area of Canadian law’. On April 26th the Receiver filed a new [Continue reading…]