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 @ BehindMLM
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
Nov.02, 2021 in
ACN, Ariix, CashFX Group, companies, DFRF Enterprises, Dubli Network, Eaconomy, EmpiresX, Empower Network, ForeverGreen, FutureNet, GVO, Herbalife, iMarketsLive, Investview, Jeunesse, Karatbars International, LaCore Enterprises, Le-Vel, Lyoness, Nu Skin, Nui, OneCoin, OnPassive, Paparazzi, regulation, Seacret Direct, Sisel, Traffic Monsoon, USFIA, Valentus, Visalus, Wakaya Perfection, World Ventures, Young Living, Youngevity
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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…]
5 new motions for default in Traffic Monsoon clawback suit
The Traffic Monsoon Receiver has filed five new motions for default judgment. Traffic Monsoon net-winners targeted in the motions are Sharon James, Adil Khan, Limited By Invitation (company), Javediqbal Naeem and Mohammed Yasin.
Charles Scoville released from jail?
Undelivered mail in the Traffic Monsoon SEC case suggests owner Charles Scoville may have been released from jail.
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.
