Traffic Monsoon investment pseudo-compliance exposed
On August 27th Sunil Patel is hosting a “revolution day” for Traffic Monsoon affiliates.
[0:11] The revolution day is a day for all the members to meet, okay. I want all the members around the world to meet up in Brighton.
In his revolution day announcement video, Patel encourages attending affiliates to create banners for the event.
[1:41] You can make a banner.
Now, very strict, what you’re gunna write on the banner has to be something in the lines of “we are not investors”.
[2:27] The main theme is “we are not investors”. This is not a money doubler, “we are not investors” is the most important thing guys.
Patel is adamant Traffic Monsoon is not an investment opportunity and that he is not an investor.
So much so that yesterday, in a video “for the SEC”, Patel offered to fly to the US to appear in court and testify as much.
[0:10] I’m willing to into a court of law under oath to collaborate everything that I’m saying in this video.
[10:42] I’m willing to go under oath in a court of law to prove who I am and what I’m about.
[17:35] I am willing to come to court. I am willing to catch an airplane from the UK, I’m willing to come to America and under oath collaborate everything I have.
[18:22] I have never said the word investment. This is not an investment.
One thing about me: I’m truthful.
Sunil Patel joined Traffic Monsoon on September 5th, 2015.
To mark the event, Patel uploaded a video to YouTube titled “Video 1 – My traffic monsoon journey£4500 invested”.
Funny title for someone who claims to not be a Traffic Monsoon investor.
In a followup video uploaded on September 7th, Patel explains what attracted him to Traffic Monsoon…
…and it’s got nothing to do with advertising.
[2:51] You tell me, where can you get (a) ten percent return on your money? Where can you get ten percent return?
I’m a property investor, property developer, and six, seven, eight percent is good. Although I have got properties with ten, twelve, fourteen percent return.
But the logistics of getting a property and stamp duty and costs … like there’s a lot of hoops, hurdles that you have to go through.
Now with Traffic Monsoon you’re getting a ten percent return on your money.
Patel goes on deposit additional funds into Traffic Monsoon. After the transaction goes through he states:
[3:56] So I have to note that down. 1073 pounds today invested.
I’m keeping a note of exactly how much I’m investing.
The thing in business guys, you have to keep your expenses low and your assets high.
So I’m building an asset and I’m trying to keep my expenses low.
“Building an asset”? That doesn’t sound like somebody “purchasing advertising packs” without any expectation of a ROI.
Remembering Patel’s offer to fly to the US and testify in court under oath as to his participation in Traffic Monsoon… I wonder now how that would actually go.
Ah well, at least Patel still has his Traffic Monsoon revolution day… even if it’s evidently built on a foundation of lies.
Update 22nd August 2016 – Five hours after it was published, Sunil Patel removed the videos cited in this article.
Whether Patel will continue to claim he never referred to or marketed Traffic Monsoon as an investment remains to be seen.
Nice find Oz. Very amusing. The internet has a long memory.
SO exactly how many times does he say invest or investment? Is he taking these videos with him to plead his case to the SEC?
Stick a fork in this dude as he is done!!
Aaaaand Patel has taken the videos down.
Sunil: “Err, ummm, in that video I meant to say “divestment”. This is not a divestment.
There. It’ll be all straightened out with the SEC.”
Sunil. You never learn. You can take down your videos all you want but they have already been archived in case the authorities need them.
But if they truly wanted them they could get them on their own, but why make them subpoena them when they can get them immediately without all that bother.
Divestment my a$$ets.
If you want more comedy value on this guy, you should look into his property exploits that have landed him in court for being such a lovely landlord :).
Hey Lynndel, he did at least quote Warren Buffett – “We should always invest where there is a competetive advantage”.
Good advice isn’t it?
And the final words were…”Let the compounding begin”.
Cough cough – nearly choked on my popcorn.
Video has been removed in a HURRY said Murray, or was it Patel a lying Indian Man..
I remember after BB, Zeek and Achieve went down, people living in a dream and holding on to plane lies, that’s human behavior, living in a denial.
I may or may not have just spat my tea out everywhere at that “Ruh-roh!” pic.
And just what was Sunil Patel using Traffic Monsoon’s advertising services to promote? Could it help support the case that this was not totally an investment to him?
That’s right, Sunil spent £4500 at Traffic Monsoon buying an initial 125 ‘ad-packs’ and advertised…..Traffic Monsoon. Explain that one Sunil you utter muppet!
Sunil is nothing more than scum bag, if you see his videos on youtube, he comes out as a very childish and bit retarded towards the fact as him and TM are scamming poor people.
Looks like the answer to that last question will be answered if Patel dares sign the affidavit he’s now promoting.
SEC Know about the Revolution Day & Our Struggle according to Sunil. Claims SEC phoned him asking about the revolution day.
Make a sign – We are not incestors. Although the SEC will be interested in the deleted youtube video where he mentions investment and compound interest. (OUCH!)
Lol, “Here’s an email address to send us all the evidence you and your friends were involved in an illegal Ponzi scheme to. Kthxbye.”
From Patrick Pretty:
He’s lied about his referring to Traffic Monsoon as an investment… what’s the bet he’s lying about SEC phonecalls (or at the very least misrepresenting what the call was about).
Remember how chipper Scoville was at the beginning of the SEC shutdown? It wasn’t until reality hit that we started getting the daily pro-Ponzi Facebook diatribes.
in a video yesterday, patel claimed mark zuckerberg had emailed him ‘personally’, about patel playing music in his car for which his facebook account was allegedly suspended thrice.
if patel can make ridiculous claims such as this ^^ whats to stop him from ‘imagining’ the SEC called him too?
common sense says the SEC in the US will not be worried about a handful TM investors on a beach in the UK having a protest party. its a different jurisdiction and the SEC case is against TM which was registered in the US.
the only interest the SEC has in TM international participants is either to clawback their ‘winnings’ or refund their ‘losses’.
if clawback is initiated then patel can expect to be on top of that list for UK participants!
I doubt they’d care if it was in the same jurisdiction, since it has no impact on the case.
You can swear black is white if you like, but if it’s not a relevant fact to the case it won’t even get presented. Court’s don’t work on measuring “public” opinion.
Imagine a drug dealer coming before the judge and all his clients posting statements saying what they purchased off him were not drugs really, they were magic pixie dust, the effect of that would be nil.
Since the effect of these is to declare that there was no expectation of return, these should just be passed onto the receiver to ensure any of these guys go to the bottom of the list for distributions and get nothing until everyone else has been paid out 100% – if they were a net loser they’d presumably be quite happy with that since they had no expectation of any return?
Well, the affidavits Patel was collecting are no longer going to be sent off. Patel’s only sending photos and a video to the SEC.
I’m shocked. No, really.
Patel also seems to think he only mentioned “investment” once, and that’s a good thing considering he made “over 200 YouTube videos”.
What he’s failed to realize is that the mindset that Traffic Monsoon is an investment, which Patel clearly demonstrated in multiple videos, shows how Traffic Monsoon was being marketed.
If Traffic Monsoon wasn’t an investment, Patel would have had no reason to refer to it as such. But, like everyone else, Patel signed up because he was gaga over the prospect of earning a $55 ROI on a $50 investment.
Oz, Please, what was the term of this adpack investment? Could it be automatically rolled over? Was an annual yield touted?
Invest $50 and receive a $55 ROI, paid out of subsequently invested funds. Or as Patel himself put it, a “ten percent return”.
Nothing was stopping you reinvesting $50 out of the $55 to make another $55 (with ten reinvestments generating enough for a a new $50 investment).
I just assumed that was a given. lying liars lie especially when they are gutless scumbag thieves.
Why would the SEC give 2 shits about him until clawback time?
How soon would the account be credited with an additional $5? Immediately? Daily, Week, Month, Year?
Depends on the rate of new investment.
The numbers on the screen grew hourly from time of deposit and took roughly 2 months. These additional numbers could be compounded by buying more adpacks.
I would add that the numbers were later admitted by Charles to be based on averages of ups and downs in deposits.
If one day was higher, that would be split and part added to a lower day so there was a pro-rata average. This was not openly known till TM was shut down.
I see. Thanks for the explanations.
This guy is a joker, he just doesn’t want to accept Traffic Monsoon is a scam:/