Tuesday, 26 July 2016
TRAFFIC MONSOON IS OVER!
The Securities and Exchange Commission have frozen the assets of Traffic Monsoon!
(courtesy of RealScam.com)
'Federal regulators are trying to halt the operation of a Utah company that purports to share profits from online advertising services, but that regulators claim is a Ponzi scheme that took in $207 million from more than 160,000 investors around the world.
The Securities and Exchange Commission filed a lawsuit Tuesday (26th July 2016) in federal court in Salt Lake City and asked for a temporary restraining order against a company called Traffic Monsoon and owner Charles David Scoville, 36, of Murray. U.S. District Judge Jill Parrish granted the restraining order Tuesday evening, freezing the assets of Scoville and Traffic Monsoon, which is sitting on about $60 million in cash in the United States, Canada and the United Kingdom. Regulators seek appointment of a receiver to find and protect the assets of Scoville and the company.'
And look at this: 'After PayPal lifted a freeze on the accounts, Scoville transferred large amounts into bank accounts, including $21 million into his own account at JPMorgan Chase, the lawsuit says.'
So, as predicted, Charles was NEVER going to release any money on August 11th!
Posted by TARA at 23:14