Charles Scoville enters Traffic Monsoon settlement negotiations
After just over two years of vowing to clear his name and prove Traffic Monsoon wasn’t a Ponzi scheme, Charles Scoville has entered into settlement negotiations with the SEC.
The latest Traffic Monsoon developments begin with a July 23rd filing, in which Scoville requests $171,861 in seized Ponzi victim funds to cover his legal costs.
In the filing, Scoville’s attorneys argued the request was “not only necessary … (but also) reasonable”.
Mr. Scoville’s health problems have precluded him from raising funds for his own support, much less to fund a sophisticated opposition and appeal.
As the Court is now aware, Mr. Scoville has had numerous issues making it difficult, if not impossible, for him to work to raise funds to defend against this case.
Specifically, given the health issues previously documented, and his multiple hospitalizations, Mr. Scoville was unable to be employed for most of the past year.
Then, approximately one month ago, Mr. Scoville was arrested on unrelated charges brought by the State of Utah.
As a result, he is unable to earn funds to pay his attorney fees.
Because of these recent developments the plans that had existed to eventually pay Mr. Scoville’s fees have had to change and it is likely the attorneys who prepared the appeal will never be paid without an order from this Court.
The “unrelated charges” referenced in the motion refer to aggravated child sexual abuse.
On August 2nd, at which point Scoville’s motion was still undecided, a Joint Motion was filed requesting a stay on the carve-out motion.
The cited reason for the motion is
settlement negotiations that Mr. Scoville anticipates will include a resolution of his Motion as part of a resolution of all claims against him in this matter.
Note however that the motion also states
the settlement negotiations that have begun will be resolved only after the Tenth Circuit has entered a decision in the appeal.
As at the time of publication, the Tenth Circuit is yet to make a decision regarding Scoville’s filed appeal.
Bearing in mind a decision in Scoville’s favor would be a step towards legalizing unregistered securities in the US, it seems both parties are now anticipating the appeal will be denied.
The requested stay would see neither Scoville, the SEC or the Receiver have to brief or file anything with respect to the carve-out motion, until the appeal is decided on.
The Joint Motion was granted the same day it was filed, on August 2nd.
obviously the tenth circuit will deny scoville’s appeal and find traffic monsoon to be a ponzi scheme.
the settlement negotiations will probably see scumville win a get-out-of-jail-free card citing mental health issues.
when a criminal is not sent to jail but instead institutionalized for mental health problems, for how long are they kept there?
i don’t think there’s a time frame for a criminal being kept in a mental health institution, it depends on the discretion of the doctors treating you. if the doctor thinks you’re fine enough to be rehabilitated into society, the patient may be discharged home with outpatient treatment.
whose to say scoville wont be home in a couple of years instead of spending, say, 10 years in jail?
scoville’s mental health issues seem to have appeared suddenly and very publicly soon after TM was shut down. his videos on his facebook page ‘recorded’ the deterioration of his mental state over the last two years or so.
i think scoville is a cunning fox, i’m not entirely convinced his pot induced crazy religious rants are really a sign of mental disorder or a well planned and executed act in full public view.
IIRC there is also an open issue of a few million dollars of TM money which the court appointed receiver has been unable to trace and freeze. is this money still secretly under scoville’s control?
if i were a conspiracy theorist i could argue that scoville has played the justice system and will probably not only avoid jail but enjoy his ponzi money in a few years time.
here’s hoping he’s really a full blown nutcase.
Keep in mind the SEC’s case is civil. The DOJ haven’t filed any criminal charges in relation to Traffic Monsoon.
So are the lawyers really going to be paid?
Was this all planned in the first place by the lawyers and Charles to move things forward?
The end game with Charles doing the best he can to not be sent to jail and or keep the funds he stole hidden.
Did we ever find out where the money went from the property being sold? Wouldn’t that have paid the lawyers or not?
Seems to me there were long long long talks of what to do and not to do and someone is pulling the strings to move things along to this point.
What say all the victims now that were behind Charles to set things right and move TM into the light as a legit business?
So the lawyers expect to be paid with Stolen funds one way or another?
I don’t think there’ll be a carve-out. Whether attorneys get paid or not isn’t part of the SEC’s case.
That said if it secures the missing funds, I can see perhaps a percentage getting paid to the lawyers on Scoville’s behalf. Hard to tell at this point when we know nothing about the settlement negotiations.
Are all Lawyers scumbags or are the majority just out for material gain rather than justice?
Seems to me the lawyers knew full well it was a ponzi scheme from the beginning and just dragged it out to increase the costs while reducing the money available to return to the victims.
As for Charles play on mental health it’s clearly not a mental issue more a shitting his pants issue and he is only trying to fool the courts to avoid what previous ponzi pimps have received in the past.
If the courts fall for then then ponzi scammers after this will have their very own road map to freedom.
As for the future well this guy has already pulled this scam off on no less than 13 occasions and you know the saying “once a con man…”. A year or two down the line he’ll be launching the next money maker for him and not giving the slightest thought for who is may hurt in the process.
To be honest given that many people joined TM i’m surprised Scoville doesn’t have a bodyguard to protect him from those who lost a lot during his scam. He’s lucky to still be alive and kicking.
Of course lawyers are out for material gain, just like you, the guy at the supermarket checkout and everyone else with a job.
It is not a lawyer’s job to fight for justice – 50% of the time entirely the opposite.
In any trial or case, one side is right and one is wrong. Both get lawyers. At any given moment, 50% of lawyers are fighting for justice and 50% for injustice.
Well they certainly knew it was a Ponzi scheme unless Scoville was a very silly boy and lied to his own lawyers. It is still their legal duty as his advocates to argue that it isn’t.
As to whether they dragged it out to inflate their fees, who can say. But if dragging it out increased the chance of their client staying out of jail, that’s their job.
The rest re Scoville’s “One Flew Over The Cuckoo’s Nest” act I entirely agree with.
Except as noted the SEC action is a civil one. No threat of prison involved for that.
Which is a good point and has me slightly confused as to why Scoville is doing a Jack Nicholson in the first place. To the best of my knowledge, insanity pleas don’t work in civil cases.
I assumed Scoville was either subject to a criminal case as well, or shortly will be.
Scoville is subject to criminal charges in the child abuse case, but he began flying over the cuckoo’s nest long before charges were filed.
Personally I think he thought he was going to have criminal charges filed against him by now for TM, and thus his going off the reservation with his posts trying to build up a insanity defense.
One thing is for sure, it won’t work in his sexual child abuse claim due to when the action took place if found guilty.
Next few weeks are going to be most interesting to say the least.
Another thing that is not adding up here is that Shirley Scoville, on her FB page begging for donations, had said that all the legal bills had been paid to date and the attorneys had agreed to work for free on the appeal.
She was praising them for doing this for Charles and of course because they knew he was not guilty of the SEC charges.
Now we have the attorneys claiming that their fees have not been paid in full. It also begs the question is this in addition to all the other fees that were paid by Charles and his family?
If so, this means the attorneys have charged over $200K so far.
A correction to my previous post. I found the post Shirley Scoville made about the attorney fees, and she said the June and July fees were waived (about $4200) and there were no fees for August.
Still the fees they charged seem to be excessive for a “civil lawsuit.” It is my belief they were expecting criminal charges to be filed, and they were billing for both cases. Since no criminal charges have been filed to date to me the fees do seem excessive.
Can anyone tell me when and how u can get back my money from Traffic Monsoon?
I would like to Know what happens if Charles wins and what happens if he loses. If he loses the case do we still get back our hard earned money ?
My friend who introduced me says it should be over at the end of August?
I don’t care about Charles or the lawyers fees I, I just need to get back my money ASAP.
You’re not going to get back your money ASAP.
If you’re lucky you might get some of it back many months from now. If Scoville wins his appeal he’ll be one step closer to keeping your money.
Your friend knows no more than the rest of us. I’d stop listening to anything the person who scammed you into a Ponzi scheme says and stick to following reputable sources.
And if you really want your money back ASAP, get your friend to return to you what they stole.
Come on SEC lets clear this TM problem Im going on 79 years old and would like a answer please .
I was asked by a friend who led a group to join I signed up but only watch what was happening for a couple of months and reading all msg in the group and thought to myself this isn’t right doesn’t add up I think it’s a scam …
I put on our group “hasn’t it crossed anyone’s minds this is a ponza seen as he’s registered in utah only state in usa where there not band just a thought.
Needless to say I got some msgs bk about so called underminding and I was blocked from the …. love being right.
Are all victims of Charles going to be refunded one day? Just answer me this simple question.Thank you.
No, you are not going to be refunded.
I really worked hard for my money and though I was investing on something worthwhile. It is just mind boggling to learn that we, the victims of pozi or whatever the lawyers are calling it do not matter.
At the center is Charles. If there is justice why wouldn’t they give us our money back and punish him for breaking the law. It is simple as that.
I don’t even know how to claim it or who to ask.
Dunno how clued up you are on the proceedings but this is precisely what is being worked towards.
WHEN AND HOW CAN I GET MY MONEY BACK FROM THIS MAN
I NEED MY MONEY BACK, I LOANED MONEY FROM THE BANK AND NOW I HAVE BEEN PAYING FOR THE LOAN I TOOK.
THIS MAN HAVE PUT ME AND MY FAMILY INTO A BIG MESS, BROKE MY SWEET HOME AND NOW AM ALONE WITH NONE OF MY KIDS WITH ME, MY WIFE LEFT AND AM PAYING BILLS, I NEED MY MONEY BACK.
Unfortunately you invested in a Ponzi scheme.
No matter how much you might need the money, you’re just going to have to wait until Scoville has exhausted his legal options.
Bear in mind a few years down the track or whenever it is, you won’t get all of your money back either.
Sorry to hear about your situation with the family but that’s the reality of where you’re at.
Want to know how to get back my money. Dragged for past four years.
There is no way to get back (some of) your money at present.
Scoville is trying to get Ponzi schemes legalized through the Supreme Court. You’re stuck waiting for that to play out.
So basicly, I am out $27,475.00? I am the biggest sucker I know.
I also lost tons of money in the “Amazing 5” another pipe dream of mine. If anyone is selling a bridge, most likely I will buy it.
And to Charles Scoville, If you did scam the world, it doesn’t end here on Earth, you will face a higher power. I can only pray for your soul.
Randall DAgostino, Charles DID scam you and all the other people who involved themselves in an illegal scheme.
You can pray for his soul all you like, but I would suggest that your prayers should send him in the OPPOSITE direction than prayers are usually employed!
Victims will EVENTUALLY get SOME of their money back, NOT all of it and no one knows WHEN that will be.
As you can plainly see from some of the comments here, Ponzi schemes are DESTROYERS, and often steal more than your money.
You may want to pray for the Receiver, that she recovers ad MUCH money as there is to be found (i.e. not already spent by Charlie Boy and his cronies).
In that way, you will get back as large of a proportionate amount as you possibly can.
The lesson here is: DON’T GET INVOLVED IN PONZIS!!