Scoville: “Maybe the State of Utah Securities Division is wrong”
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 encouraging their downlines not to contact the court-appointed Receiver, suggesting an email might have been sent out to affiliates.
BehindMLM hasn’t seen an email so I can’t independently verify whether or not the Receiver has reached out to Traffic Monsoon affiliates.
Here’s what those who may have been contacted however are being told by the scammers that recruited them:
Please DO NOT send an email to the receiver, they are playing a game with us . They are trying to trap us into stating that we are investors.
They are also saying help us in our case. They have no intention in helping the members. DO NOT give them any ammunition.
This “us vs. them” rhetoric is common enough in major Ponzi busts. It basically boils down to top investors terrified of regulators coming after them through clawback litigation.
Victims of Traffic Monsoon, that is those who lost money (probably upwards of 90% of affiliates), aren’t exposing yourself to any risk through communication with the Receiver. It is only those who made money in the scheme that run the risk of being sued by the SEC or the Receiver later down the track.
These of course are the same people telling you not to co-operate, whilst at the same time setting you up to be scammed again.
Charles Scoville meanwhile turned off public comments on his Facebook page yesterday.
In an undated update Scoville claims:
I’m advised by my attorney not to speak with anyone. That’s why I haven’t been responding to questions now.
Scoville then attempts to detach himself from the SEC lawsuit filed against him.
I’m taking all this on.. and I don’t know what to make of it to be honest. I didn’t expect PayPal to do what they did. I didn’t expect the SEC to do what they did.
I know that if I were to die then the company would be taken over by others. I didn’t expect that to happen either.
All this is just putting me in position where I don’t know what to do.
I know that in the past the Utah State Securities Division reviewed AdHitProfits — which has the same exact model where people can buy adpacks, click in the traffic exchange, and be rewarded for clicking in the exchange from the money that comes in from people buying ad services.
If that’s the case: no security/investment was found in AdHitProfits, then the SEC is wrong.
I’m also understanding that maybe the State of Utah Securities Division is wrong. I don’t know.
Against the backdrop of $207 million dollars in Ponzi fraud, Scoville insists that his intentions vindicate his actions.
My intentions behind this business to help people. Help people get traffic. Help people earn an income.
I’ve been very generous. All this is coming down to hurt me and destroy everything in my life that I hold dear.
Whatever’s happening it’s outside of my control.
People need to understand: Nothing related to the pain people are experiencing or have experienced is from something I did.
It was because of what PayPal has done. And now- it’s because of what the SEC is doing.
Left unsaid is the fact that both PayPal and the SEC reacted to Scoville committing financial fraud. But I suppose next he’ll be claiming that was “outside of his control” too.
Looking forward a number of legal defense funds have emerged, with one claimed to be set up by Scoville’s parents.
This suggests Scoville is no longer looking to quickly settle with the SEC, and instead might be looking to engage in a lengthy legal battle he’ll just wind up losing anyway.
Last week we learned that the Traffic Monsoon Receiver had been granted permission to cover Scoville’s return to the US. This doesn’t appear to have happened yet, with Scoville still believed to be hiding out in the UK.
Whether or not he now intends to return to the US is unclear.
While it’s possible that Scoville is as self-delusional as Kevin Trudeau (who claimed that he stole a doctor’s ID to kite checks because “banks won’t work with me due to my bad credit due to simple innocent mistakes”, IIRC), he’s clearly NOT following his attorney’s advice if he’s still posting ****.
As for defense funds, see to recall multiple ASD defense funds were setup, and several of them ended up just as scams?
One of the “defense funds” I’ve seen set up is just a link to some guy’s Payza account.
Well, William Bryant’s account is to raise money so the TM members can sue the SEC and PayPal, or so he claims. He set the goal at $300K.
He said he did it on his own without Charles’ permission, but now claims Charles has told him he supports what he is doing.
At the rate he is collecting money Charles will have been in prison for 2 years before he will have the money to sue the SEC and PayPal.
Man these people do think the people in TM are gullible, dumb and ignorant. Sadly those donating prove them right.
Now these same people are being duped into not seeking help from the Receiver to get their money back because as stated above the pimps are scared to death they just might join Charles with charges against them.
TM members don’t fall for this. If you want to see any portion of your money back, it is imperative that you do reach out to the Receiver. If you don’t kiss your money bye.
The whole thrust of Scovilles’ current rantings is to distract members attention away from the main game.
* Who cares what a state based securities securities division “supposedly” said two years ago ???
The complaint was filed FEDERALLY and accepted by a Federal court judge.
* Scovilles’ verbiage has changed from
to
AdHit Profits isn’t Traffic Monsoon and he hasn’t been charged with running AdHit Profits or any of his previous schemes
There is nothing so financially damaging as believing something is true when it isn’t. I suppose this applies to a lot of things.
In this case contributing money to fight the SEC or defend Mr. Scoville is throwing your beliefs and your money down a rat hole.
I should also point out that the members of TM cannot sue the SEC or PayPal. They do not have standing.
Only credited investors would have standing, and since TM members were not investors they can’t sue.
Yep, we’re at that catch-22… again.
If you don’t admit you’re an investor and/or victim, you have no standing to sue anybody in a company. 😀
Unless you want to be like Leaming, frivolously sue everybody on the Federal side. And that’s just wasting taxpayer dollars and lose all credibility.
For those who need or want it: TM Receivership link: dm.epiq11.com/TMON/Project
Thanks for the heads up Rtvitality.
I noticed the Receivership domain was registered a few days ago, was waiting for it to be hooked up to a website.
Now that’s as near a note perfect Andy Bowdoin impression as you’re ever likely to hear. There is an upside and downside to that.
Andy and his ASD minions were actually able to convince enough of their victims not to participate in the claims process that Ad Surf Daily was acquitted on all charges and reopened stronger than ever.
Sorry I was channeling Todd Disner there for a minute. ASD was slammed shut and the odds of Andy Bowdoin leaving prison in anything other than an ambulance or a hearse are not strongly in his favor.
But the good news is, for the people who participated in the claims process, because so many of their fellow victims were duped into not doing so their slice of the refund pie was so much larger.
Many if not most people who filed a claim of loss against Ad Surf Daily received close to a 100% refund. A far FAR higher percentage than Zeek Rewards, TelexFree or eventually, OneCoin victims can ever hope to expect.
So the lesson is clear, if you’ve made a lot of money or even a modest sum in Traffic Monsoon tell everyone and I do mean everyone in your downline or on your social media lists to NEVER, under any circumstances participate with the court appointed receiver.
And then fill out every form that self same receiver asks you to in order to become eligible for a refund.
The only winner will be the Lawyer.
The SEC have unlimited amounts of money to pay for theirs. So if a lawyer feels so strongly Charles can win then they should get paid on results only. No win no fee.
I have come to the conclusion that the government (Ozedit: Aaaand you’re done. Offtopic conspiracy theory spam removed.)
Sunil Patel live on FB….one of the big TM affiliates about his fight against SEC and Paypal. Seems like he’s very convinced…
facebook.com/londonachiever/videos/vb.834944639/10154442129929640/?type=2&theater
This soap doesn’t stop.
“This soap doesn’t stop”.
Yum yum, more popcorn please.
from the SEC Complaint:
Only if they go to trial. Filing motions are cheap.
The SEC attorneys are salaried. It makes no difference how many or how few cases they try they get paid the same.
Lyndel, I didn’t know that but my point was more as a comparison. The SEC will have unlimited resources to pursue this as long as it takes and as many appeals as it takes.
In comparison, Charles Scoville will no doubt be paying a lawyer (from donations or another source) whether he wins or not and his resources will be limited.
If a lawyer takes this on, I’m assuming it’s because they think they can win. If that is the case they should get paid on results.
@K. Chang
So as far as Charles goes, the SEC need to put up or shut up?
If there is no trial then TM is free to continue? Or the receiver carries on regardless?
all speculation, and who cares who pays his lawyer.. really.
Charles does not have to pay for an attorney if he goes to trial. The court will appoint a public defender to represent him at no cost to him. It is his choice if he wants to hire an attorney or let the court appoint him one.
If people want to contribute to his self-defense to go to court against the SEC, that is their choice. They can’t do it through a gofundme account. It is against Go Fund Me’s TOS.
They just need to know that the court will appoint an attorney for him in his defense.
Events are running in parallel. The SEC filed a civil complaint which resulted in a Temporary Restraining Order, a freeze on both TM and Scoville’s assets and a reecievership over the TM estate.
The Receiver is in charge of TM. Scoville is OUT and the receiver will be cleaning up the mess he made.
If there are criminal charges against Scoville they will be brought by the Department of Justice upon referral from the SEC.
See?
The Justice Department has several years to bring charges against Scoville (I think the statute of limitations on Federal crimes is five years.) So if you are waiting for the Feds to “put up or shut up” you may have a long wait.
@Lynn
??????
Didn’t think courts did that for civil actions.
You are right about that. If Scoville (or his supporters) want to contest the appointment of the Receiver over TM he/they will have to hire an attorney.
The court may provide a public defender in criminal cases only. Scoville at this point has not been charged criminally.
Yes and one who will be paid on results. Meaning he gets nothing unless he wins.
My bad, got ahead of myself. Thanks for correcting my mistake.
While that might seems logical and fair to you, it simply does not work like that. Its like telling Lebron James that he only gets paid if the Cavaliers wins the NBA title.
Attorneys do take on cases where they are paid based on results. Those are called contingecy fee cases and an attorney only works on such a basis when he believes the client has a slam dunk case that will result in a money judgment (think product liability or accidental death for example).
The attorneys fee is contingent on the client winning and if that happens the client turns over up to 75% of the award to the attorney.
Trying to sue the SEC or Paypal would be a kamikaze mission flown in a paper airplane. No attorney would do it on a contingency fee basis. The chance of winning is virtually non existent which brings us back to the beginning.
If you want to take on Paypal and the SEC you must have the money to pay an attorney to do it….which he will even if he believes you don’t have a snowball’s chance of winning.
Since Scoville’s funds are frozen and crowd funding will never raise enough to even get to first base against Paypal or the SEC, this whole idea that the affiliate’s have that they can turn back the clock is stillborn to begin with.
No matter what side anyone is on, it should be obvious Charles is not going to win. And even if he did the SEC would keep it going till he ran out of money.
Handing any money to a lawyer now is like flushing it down a toilet. Anyone with half a brain should see that. But it seems there are people without even that.
Giving a lawyer that pleasure while secretly laughing their way to the bank makes me sick.
Its not that bad really. Attorneys will almost always let you know the weaknesses in your case during the initial consultation and at the hourly rate they charge one’s enthusiasm for litigation wanes very quickly.
The best lawsuits I’ve ever had are the one’s I avoided.
Wowwww…… 27th August TM RevolutionDay….. we run out op popcorn 😉
facebook.com/charles.scoville?fref=nf
While Scoville and his band of merry scammers might be gearing up to give eachother highfives on England’s beaches, the UK media are having none of it.
But no, I’m sure the judge will be pursuaded by some banners and footage of “Traffic Monsoon is not an investment” chants uploaded to YouTube.
mirror.co.uk/money/pyramid-investment-scheme-worth-160million-8601621
it’s all right.
after some highfiving and partying they’ll realize that they are in england which is faaaaaar away from the US, and that the SEC or US federal judges don’t give a dang about their opinions.
meanwhile, sunil patel can play some loud music and then talk to the beat, and pretend he’s a rockkk starrr.
so, why wont scumville listen to his attorney? why is he plastering facebook with ‘TM is not an investment’, day in and day out?
psst scoville, be a good boy and shaddap.
Prior to the TRO, the SEC had strong suspicions and reasonable proof that TM was a ponzi.
Now an officer of the court has full access to the company’s banking records, data files, and correspondence. Really? How do these x-affiliates think this is going to turn out?
The trend is irreversible.
Well, the idiots have taken over TM. Sunil is holding a “REVOLUTION DAY” on August 26 in Brighton at the pier from noon to 6:00 pm. Sharon James is joining in on the festivities.
Let’s see, the court hearing is in Utah, USA and this event is being held in the UK. Yeah that should have an impact on the hearing in September. These people are 3 pancakes short of s short stack.
Well, Charles will be relieved to know that he has nothing to worry about with the SEC case. Yes, our self-professed attorney, forensic accountant and philosopher William Bryant says he can prove the SEC is wrong all by himself! All he has to do is show his timeline posts on his FB page and the SEC will cave like a house of cards.
You can’t make this stuff up people.
In other news, the law firm of Peiffer Rosca Wolf announced their lawyers are preparing to take action and seek compensation on behalf of those who invested in the alleged Ponzi scheme orchestrated by Traffic Monsoon and Scoville.
Extra Popcorn, a super-duper BIG Drink and a cushy lounge chair are now required.
99.9% certain that if this action is commenced it will be stayed (put off indefinitely) and provide no benefit to the clients.
Understandably, people lose money and think that grouping toogether and hiring an attorney is a good way to proceed, but its not here because the SEC and the court appointed receiver will have first crack at Scoville and TM’s assets.
If you have a TM loss and are reading this, don’t panic and don’t commit to paying a lawfirm any fees. Wait until you hear from the receiver, for it is he/she that will recover your money from Scoville and TM not a private law firm.
Spot on with your assessment. The same thing happened in Zeek and the court denied the cases could go forward until the Receiver had completed his job and made his final report.
In this case it is unclear if the Receiver will go after clabacks, but she definitely has precedence to do so. I do expect her to go after the net winners. Just don’t know how far down the food chain she will go for the bottom net winner amount. In Zeek it was $1,000.
Now if some of the people are convinced not to cooperate with the Receiver, as the major promoters are already warning their members not to do, then they might have to end up suing since they were not part of the recovery process through the Receiver.
One thing is for sure. This is a long, long, long, long way from being over.
Is the fat lady still warming up her falsetto?
so, what happened to the traffic monsoon affiliates from the US? they cant find a suitable beach/pier to host a TM “REVOLUTION DAY”?
since when do ‘REVOLUTIONS” have to be long-distance?
i mean, sunil patel and sharon james are going to stand on a UK beach and go ‘BOOYAH” at the SEC and courts from across the atlantic? that’s cute.
omg.
somebody has to tell sunil patel to Stop.
he keeps posting these Horrid little videos of him driving around, playing music on his car stereo and speaking over the background music, like he’s a rock star rapper or something.
it’s so childish, he’s asking for a spanking.
ewwwww.
“All the women are gunna want to date me when they hear this song…”
At least Patel has a real job to fall back on. I imagine many of his victims don’t have the same luxury.
You forgot to add the next line:
“While they look up my nostrils”.
ya, um, so, sorry sunil Uncle, its a Definite ‘No’ from this woman.
i mean, ewwww!
[if middle aged ponzi romeos are going to run around declaring that ALL the women are gonna want to date them, they shall face resistance! it may even become a ‘movement’ or a beachside ‘revolution’!! 🙂 ]
Well, he is a Slumlord Monsoonaire after all.
And if you ask me, I reckon shares in Pepper spray went up right after that video
y’know, actually we mustn’t worry about mr rockstar in his disco car.
the SEC has been undergoing intensive training and practice for precisely this day, when ponzi people will drive around throwing musical ‘dares’.
sunil patel wants music? the SEC will out-music him!
sunil patel wants to be ‘cool’? the SEC will out-cooool him!
and the SEC will make short work of all these bad ponzi people within the space of one song!
take this, mr cool car jockey!!
youtube.com/watch?v=Rn6HPDltaWk
yeah.
Ranveer Singh always deserves a yeah.