The Traffic Monsoon Receiver has filed a class-action clawback complaint, targeting top net-winners in the $175 million dollar Ponzi scheme.

The Traffic Monsoon clawback lawsuit was filed on April 22nd, following court approval in late March.

The Receiver’s ambitious clawback lawsuit targets 4819 net-winners, each of whom withdrew a net of $1000 or more.

Together, Traffic Monsoon’s 4819 net-winner defendants stole over $48 million from Traffic Monsoon victims.

The Receiver’s clawback lawsuit seeks to recover amounts illegally paid to Traffic Monsoon net-winners.

Named defendants in the clawback lawsuit, aka Traffic Monsoon’s worst scammers, and the amounts they stole include:

  • Imtiaz Aslam (aka Immy Aslam) from the UK – invested $10,825 and withdrew $5,095,096
  • Piotr Chajkowski from Poland – invested $45,751 and withdrew $874,820
  • Vincent Boutin from Canada – invested $207,124 and withdrew $968,665
  • Maurizio Longo from Italy – invested $52.65 and withdrew $607,174
  • Ernest Ganz from Florida in the US – invested $344 and withdrew $448,369
  • David Barker from North Carolina in the US – invested $23,177 and withdrew $363,596
  • Mohammed Yasin from the UK – invested $9,850 and withdrew $349,529
  • Adil Khan from the UK – invested $12,272 and withdrew $328,663
  • Javediqbal Naeem from the UK – invested $67,793 and withdrew $355,332
  • Limited By Invitation (a UK limited partnership) – invested $8588 and withdrew $260,519
  • Sharon James from the UK – invested $2254 and withdrew $249,758

The above defendants have been designated class-representatives, meaning they will defend the case on behalf of the net-winner class.

Traffic Monsoon was a Ponzi scheme shut down by the SEC in July 2016.

Forensic analysis by the SEC and appointed Receiver revealed that 98% returns paid out were sourced from new investment.

At the time of its shut down, Traffic Monsoon had taken in $175 million and generated over $700 million in ROI liabilities.

 

Update 20th July 2019 – Service update from the Traffic Monsoon Receiver’s Seventh Status Report;

The two Named Defendants who reside in the United States have been served, as have five of the seven Named Defendants in the United Kingdom and the one Named Defendant in Canada.

The Receiver is in the process of serving the two other Named Defendants in the United Kingdom, the one Named Defendant in Poland, and the one Named Defendant in Italy according to the Hague Service Convention.

The full Status Report is available via the Receivership website.

 

Update 27th October 2024 – Following judgments against the net-winners and the case against Maurizo Longo, aka Fabiano Santos, dismissed, the Traffic Monsoon Receiver’s net-winner clawback case has been closed.