Traffic Monsoon “victim” claims $9 trillion dollars
The Traffic Monsoon Receiver has published her first claims report.
Detailing where the claims process is at, the Receiver reveals that one Traffic Monsoon “victim” tried to claim $9 trillion dollars.
I can’t say for sure but it seems pretty obvious whoever claimed $9 trillion was attempting to undermine the victim claims process.
If I had to guess I’d venture the claimant was a net-winner, salty over the Ponzi scheme being shut down.
Unfortunately the Receiver doesn’t name the $9 trillion claim victim. Nor is the claim included in statistical calculations.
Here are some interesting figures revealed in the Receiver’s report:
- $84,154 was spent emailing 561,209 potential claimants up to three times
- $49.09 was spent mailing 53 potential claimants in the US
- $72,218 was spent running ads in newspapers in the US (Wall Street Journal), Italy (IL Sole 24 Ore), the UK (Daily Mail), Poland (Gazeta Wyborcza) and Canada (Globe and Mail)
- $612 was spent on Facebook ads
- 682 claims were filed after the deadline, totaling $2.3 million
- 687 claims were duplicated, totalling $6.3 million
- 12,528 claimants have agreed with the Receiver’s calculations, these claims total $36.3 million
- 2885 claimants are demanding more money (together $67 million over the Receiver’s calculations)
- 3866 claimants didn’t respond to the Receiver’s calculation amount
- 108 claimants aren’t verifiable Traffic Monsoon investors ($427,445 in claims)
- PayPal has filed a claim demanding $3.1 million to cover chargebacks it paid to investors
The Receivership continues to work through submitted claims and eventually towards an initial distribution.
At this stage there is no set timeline.