Ernie Ganz & David Barker def judgments granted ($953K)
The Traffic Monsoon Receivership has secured default judgments against promoters Ernest “Ernie” Ganz and David Barker.
Together, the pair of scammers are up for $953,195.
With respect to Ernie Ganz (right), the court accepted as fact that he stole $448,051 from Traffic Monsoon victims.
Ganz has failed to appear, plead, or file an answer in this action.
The time allowed by law for Ganz to plead or answer has expired.
On December 23rd default judgment was entered against Ganz, comprising of
- $448,051 in clawback;
- $87,864 in prejudgment interest; and
- $4907 in additional prejudgment interest.
The Receiver is also entitled to collect postjudgment interest until Ganz pays the above amounts.
David Barker (right) had similar findings against him, having stolen $340,418 from Traffic Monsoon victims.
Barker has failed to appear, plead, or file an answer in this action.
The time allowed by law for Barker to plead or answer has expired.
Barker’s $540,824 default judgment amount is made up of
- $340,418 in clawback;
- $68,224 in prejudgment interest; and
- $3728 in additional prejudgment interest.
Unlike Ganz, Barker doesn’t appear to have had an additional postjudgment interest penalty awarded against him.
The Receiver filed suit against several top Traffic Monsoon net-winners in April 2019. Ganz’s and Barkers’ judgments are the first case resolutions.
Clawback proceedings against individual defendents Imtiaz Aslam, Piotr Chajkowski, Vincent Boutin, Maurizio Longo, Mohammed Yasn, Adil Khan, Javediqbal Naeem and Sharon James continues.
Earlier this month the SEC secured a $2.5 million default judgment against Traffic Monsoon owner Charles Scoville.