Traffic Monsoon

Back in October 2019 the Traffic Monsoon Receiver sought to employ local attorneys to go after Canadian net-winners. The motion was denied later the same month. In denying the motion, the court recommended the Receiver ‘solicit multiple bids from attorneys experienced in this area of Canadian law’. On April 26th the Receiver filed a new […]

The Traffic Monsoon Receiver has filed five new motions for default judgment. Traffic Monsoon net-winners targeted in the motions are Sharon James, Adil Khan, Limited By Invitation (company), Javediqbal Naeem and Mohammed Yasin. Amounts sought through default judgment are close to the amounts quoted in the original clawback complaint. Sharon James for example was initially

Undelivered mail in the Traffic Monsoon SEC case suggests owner Charles Scoville may have been released from jail. Scoville (right) was locked up after pleading guilty to attempted child sexual abuse in late 2018. He is believed to have been sentenced to three years in prison but I’ve never seen any confirmation. In any event

The Traffic Monsoon Receivership has secured default judgments against promoters Ernest “Ernie” Ganz and David Barker. Together, the pair of scammers are up for $953,195. With respect to Ernie Ganz (right), the court accepted as fact that he stole $448,051 from Traffic Monsoon victims. Ganz has failed to appear, plead, or file an answer in

The Traffic Monsoon Receiver has advised claim objection notices have been sent out. The announcement was made via a recent update on the Traffic Monsoon Receivership website. As per the announcement, the objections pertain to submitted proofs of claim. Objection emails were sent out on January 8th. Specifically, claims have been objected to if the

Following a motion request for default judgment filed last April, the SEC has secured a $2.5 million default judgment against Trafffic Monsoon. The judgment also applies to owner and operator Charles Scoville. As per a January 5th order, Scoville (right) is liable to the SEC for $2,537,642 for disgorgement. On top of that he’s been

Charles Scoville, the incarcerated creator of Traffic Monsoon, has been indicted on wire and tax fraud charges. As first reported by Tara Talks, Scoville (right) was indicted via Grand Jury on four counts of fraud. Per his August 5th indictment, Scoville failed to report or pay taxes on more than $45 million in business income

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 $99 trillion dollars. I can’t say for sure but it seems pretty obvious whoever claimed $99 trillion was attempting to undermine the victim claims process. If I

Last August Charles Scoville filed a motion requesting Traffic Monsoon victims pay his $270,000+ legal bill. On May 29th Scoville’s motion was denied. As stated simply by the court: A defendant in a securities fraud lawsuit does not have a constitutional right to use frozen assets to pay for an attorney. The District Court acknowledged

As requested by the SEC, on April 2nd the court clerk recorded entry of default against Charles Scoville. Later that same day the SEC filed for default judgment. The SEC are seeking a disgorgement judgment of $2.4 million dollars, plus $110,893 in prejudgment interest and a to be determined civil penalty. Despite being served as