Two UK Traffic Monsoon investors sue Scoville for half a million dollars
If Charles Scoville’s lengthy rants on Facebook are to be believed, Traffic Monsoon was not an investment opportunity.
Affiliates deposited $50 to receive website traffic, with absolutely no expectation they would eventually be paid more than they deposited. This despite Traffic Monsoon advertising a $55 ROI on every $50 deposit.
The picture Scoville paints is that of a united affiliate-base, content to wait and see how the SEC case against Traffic Monsoon plays out.
Inshallah, US securities law will be overturned, Ponzi schemes will be declared legal, the SEC case will be dismissed and Traffic Monsoon can continue to scam people through financial fraud.
Unfortunately two Traffic Monsoon affiliates have come forward to shatter Scoville’s fantasy, with separate lawsuits filed in the last 24 hours seeking over a half million dollars in damages.
Rizwan Puri and Pokhunduth Thoree are Traffic Monsoon investors from the UK.
On September 19th both men filed civil lawsuits against Traffic Monsoon and Charles Scoville.
Two separate complaints were filed in the Utah District Court and allege breach of contract.
Pokhunduth Thoree alleges that on the May 10th, 2016, he entered into a written contract with Charles Scoville and Traffic Monsoon.
The contract
was that for every ‘Advertising Pack’ purchased by the Thoree at the sum of $50 (Fifty US Dollars), Charles Scoville and Traffic Monsoon would pay Thoree the sum of $1 ( One US Dollar ) per day.
Thoree invested $138,850 into Traffic Monsoon as per the alleged written contract.
Rizwan Puri alleges that on December 23rd, 2015, he entered into a written contract with Charles Scoville and Traffic Monsoon.
The same contract as alleged by Pokhunduth Thoree is cited.
Puri invested $34,100 into Traffic Monsoon as per the alleged written contract.
Both plaintiffs are asking for a return of invested funds.
Thoree is also seeking:
- $2777 per day (ROI), calculated from 26th of July 2016 to the 19th of September (54 days)
- $120,000 “for emotional distress, anxiety, depression, insomnia, guilt and frustration”
- interest calculated at 8% of $408,808 owed daily
Puri is also seeking
- $682 per day (ROI), calculated from 26th July 2016 to the 19th of September (54 days)
- $100,000 “for emotional distress, anxiety, depression, insomnia, guilt and frustration”
- interest calculated at 8% of $170,928 owed daily
Puri also claims as a result of Traffic Monsoon’s failure to pay him a ROI as agreed upon, he was hospitalized for two days.
Certainly it seems both Pokhunduth Thoree and Rizwan Puri’s personal experience with Traffic Monsoon differs with Charles Scoville’s narrative.
Presumably both Thoree and Puri received low-quality traffic after they deposited funds with Traffic Monsoon. Where Thoree and Puri got the idea they’re entitled to a $55 ROI for every $50 spent is a mystery.
As to the future of Thoree and Puri’s lawsuits, typically civil actions filed amid regulatory shutdowns are eventually stayed.
The Receiver is charged with marshaling assets for distribution to victims of the scheme, with investors receiving a percentage of funds invested. Certainly not the whole amount and any additional claims are disallowed.
I don’t see things being any different in Traffic Monsoon but we’ll certainly keep an eye on the two cases.
On November 1st the SEC and Traffic Monsoon face off in court over the granting of a preliminary injunction. Stay tuned…
As Charles himself might say, LOL.
Now that’s FUNNY!
This guy deserves to go to jail for running MLM Ponzi investment schemes one after another and getting so many people into trouble.
Damn shame he didn’t do a quick google search before handing over that kind of cash. On May 10, there were 151 pages of information available on realscam.com. And, all for free too.
Interesting, Pokhunduth Thoree is a lawyer himself.
must be a pretty dumb lawyer if he invested upwards of $130,000 in an obvious ponzi like TM.
for some reason scoville has reposted an old post from jan 2016 on his FB page, around the time withdrawal problems surfaced in TM.
samera hussain, scoville’s second and current [?] wife has commented under this post in the period between jan and march 2016:
in response to affiliates posting abusive comments regarding the stopping of withdrawals, she wrote:
samera hussain’s FB page appears to have been wiped clean. it seems scoville has returned to utah without her.
scoville’s romance and marriage to samera hussain was pretty short lived, with hussain disappearing soon after the SEC action against TM.
I’m surprised nobody has gone after the big promoters for misleading them into thinking it was an investment. Plenty of evidence out there from the like of Sharon, sunil etc.
If members organised themselves they could retain a solicitor, split the cost and sue their sponsor.
Without the sponsors a lot of these scams wouldn’t get off the ground and the law isn’t doing much to stop them so it might be the only way of stopping them promoting dodgy scams.
Let’s just hope non of those members sponsored anyone.
AWKWARD!!!!!
Or maybe she’s just had the good sense to keep a low profile and not keep digging a deeper hole.
Hey everyone, I’ve got $20,000 in TM and haven’t had a payout since February do I’m interested in suing the company.
Any of you know how the hell to track down the lawyers that are already dealing with it all?
Because this company is now under the supervision/protection of the Court (in Receivership,) any action you bring will be stayed (delayed) indefinitely. You can pay someone to file a suit but the court will not hear it.
So save your time and money, be patient, and let the Receiver do his job. You are paying for it anyway. He is your source of recovery.
If you feel you must persist in contacting an attorney ask how a stay would affect your suit. If he tells you its not a consideration or he has a way around one, I would not believe him.
By the way if you read the headline and the article above concerning the two investors suing Scoville for a half a million dollars and want to get in on the action…. they don’t stand a chance. They just don’t know it.
The Receivership will have first crack at Scoville since it must be assumed that any money he has was previously an asset of TM. The Receive will recover that money for the benefit of ALL the creditors. The two litigants mentioned above will not be allowed to cut to the front of the line. The Receivership has priority.
Even if you could find treasure that Scoville buried on a desert island it would still be subject to the priority rights of the Receivership.
Thanks hoss, sounds like good advice.