Traffic Monsoon victims given another 60 days to file claim info
Victims of the Traffic Monsoon Ponzi scheme have been given another 60 days to file claim details.
As of the original claim bar date, October 31st, 2024, 660 US and 9205 foreign Traffic Monsoon victims had filed allowed claims with sufficient information. These claims top $45 million.
Another 9685 victims have eligible filed claims but did not include their information. The value of these claims totals around $13.7 million.
In an effort to allow the second group of victims to file their information , the Traffic Monsoon Receiver filed a motion requesting a 60 day extension on December 23rd.
The Receiver also sought permission to contact Traffic Monsoon victims who had not submitted their information via email and email targeted Google and FaceBook ads.
The court approved the Receiver’s motion on January 8th, granting victims in the second group to file their information (March 9th).
As per the Receiver’s last filed Status Report in September 2024, the Traffic Monsoon Receivership is sitting on just over $50 million.
This was posted on the FB Traffic Monsoon Refund Support Group page. One of the members contacted the Receiver about new claims being accepted:
I suppose I could make it a little clearer, thanks.
This is from the filing in case anyone is wondering;
Legalese does my head in sometimes. And how you file a claim without “your information” is beyond me.
Ayo, I invested in Traffic Monsoon and want to make a claim for $50,000. No I’m not giving you my information, bye.”
Also how are these claims approved without accompanying information? Unless they’re only specifically talking about claim payment details. That isn’t specified in the filings so who knows.