Traffic Monsoon victims have recovered $43.6 million trough claim distribution payments.

The Traffic Monsoon Receiver confirmed the payouts in a February 20th Approved Distribution Status Report.

As per the Receiver’s report, as of February 17th;

  • 9,526 allowed claims have been paid out, 9035 of which are US claimants and 491 are foreign claimants;
  • ten claims from Russian claimants are prohibited dye to OFAC regulations;
  • $43.6 million has been paid out, $5.9 million to US claimants and $37.7 million to foreign claimants;
  • $36.6 million in distributions were made via wire transfer, of which $1.1 million bounced; and
  • $7.3 million in distribution were made via check, of which $1.4 million checks remain not yet negotiated.

Pending resolution of outstanding distributions, the Receiver will look towards terminating the Receivership.

The Receiver is endeavoring to finish making the distributions approved in the Revised Plan as quickly as possible.

After fulfilling all required duties, the Receiver will submit a separate request for the Court to terminate the Receivership.

Traffic Monsoon was an MLM Ponzi scheme that defrauded consumers out of $207 million dollars.

Traffic Monsoon co-founder Charles Scoville (right), was incarcerated in 2018 on charges relating to child abuse. Scoville pled guilty to attempted child sexual abuse in November 2018.

I believe Scoville was sentenced in early 2019. Details of his plea agreement and sentencing however have never been made public.

Wire and tax fraud criminal charge against Scoville were dismissed in August 2023.