Traffic Monsoon @ BehindMLM

There’s nothing new on the legal front so far this week, but that doesn’t mean events are quietly unfolding behind the scenes. The latest has seen Charles Scoville disable comments on his Facebook page and provide an update in which he claims his “intentions” should trump committing Ponzi fraud. Traffic Monsoon investors are also actively [Continue reading…]

There’s a whole load of *winkwink* we don’t know who’s running the new Traffic Monsoon website *nudgenudge* going around at the moment. Perhaps none more comical than what Ernie Ganz is telling his fellow Traffic Monsoon investors. Grab your popcorn folks…

In what is probably only going to dig a deeper hole for Charles Scoville, scammers have launched a reboot of the Traffic Monsoon website. We’re still waiting on official confirmation but pending several court filings in different US states today and last week, it is believed the court-appointed Receiver took control of the official Traffic [Continue reading…]

The notion that Charles Scoville was going to “negotiate” his way out of the SEC’s lawsuit against Traffic Monsoon was absurd from the get-go. With $207 million dollars of Ponzi fraud on the table what, a few chats and Traffic Monsoon would be open for business again? Please. Now, as the reality of the SEC’s [Continue reading…]

Negotiations between Charles Scoville and the Traffic Monsoon Receiver have begun, with the latest filing from the Receiver requesting permission to fund Scoville’s return to the US.

Witness testimony of Charles Scoville was taken by the SEC on May 17th at their Utah office. Scoville was not represented by legal counsel. He was given the option to adjourn his testimony if he wished to obtain counsel but did not act on it. Scoville’s wife Samera Hussain was present, although not permitted to testify [Continue reading…]

Earlier today a joint stipulation was filed by the SEC and Charles Scoville, requesting the upcoming August 5th preliminary injunction hearing be rescheduled. The parties also requested the current TRO in place be extended until the rescheduled hearing.

Contradicting Charles Scoville’s insistance that he’s negotiating directly with the SEC and that everything is fine, yesterday the regulator filed an ex-parte motion requesting the appointment of a Receiver. The SEC’s motion, filed on July 27th, reaffirms the regulator’s stance that Traffic Monsoon is a Ponzi scheme.

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.‘

Following the announcement of a TRO granted against Charles Scoville and his Traffic Monsoon Ponzi scam, we now take a look at the details behind the granting of the TRO. The SEC’s filed memorandum accompanying their motion for a TRO is thirty-one pages long. I’ve broken down points of interest from the filing into relevant [Continue reading…]