Wednesday, 31 August 2016
Traffic Monsoon - Latest Updates
Todays Breaking News stories:
Patrick Pretty has developing news of a possible data breech involving affiliates world wide whose personal information may have been compromised.
We advice affiliates to contact their banks immediately and ask for advice.
http://patrickpretty.com/…/developing-story-possible-traff…/
*********
Over at 'Behind MLM' we have news that the receivers filed a court motion yesterday. They want to engage Berkley Research Group as their accountants as it seems that Charles KEPT NO FINANCIAL RECORDS.
http://behindmlm.com/…/charles-scoville-didnt-maintain-tr…/…
********
And along side all of this, Charles is requesting help with witnesses:
"For the preliminary injunction SEPT 23 in Salt Lake City Utah we need real witnesses who will actually show up. This is where support meets reality here. The type of witnesses we need:
- People who actually obtained traffic, tracked, and verified to have received visitors and grew their contact list, generated some sales, etc..
- People who promoted traffic monsoon who earned a full-time income from selling traffic monsoon services and walked away from their jobs in order to sell traffic monsoon as their only source of income.
- People who sold products on traffic monsoon - verified sales came direct from traffic received on traffic monsoon.
I'll need your:
Full Name
Address
Phone Number
Confirmation of flight details to confirm you will be there.
Contact me on skype: cscoville1"
************
Somehow, I don't think Charles will have many witnesses come out FOR him...but I'm guessing the queue AGAINST him will be growing alot longer now!
Wednesday, 10 August 2016
'Traffic Monsoon' and 'My Advertising Pays' - Identical Ponzi's
The real reason Mike withdrew from the United States was because of the Securities and Exchange Commission.
He didn't want the same outcome as Charles now has with Traffic Monsoon.
Below is a segment from the Court papers outlining the complaint against Traffic Monsoon.
You'll notice that the 'business model' is practically a carbon copy of My Advertising Pays:
Case 2:16-cv-00832-JNP Filed 07/26/16
'This matter involves an ongoing Ponzi scheme and offering fraud operated by
Charles David Scoville (“Scoville”) and Traffic Monsoon, LLC (“Traffic Monsoon”),
headquartered in Murray, Utah. Scoville formed Traffic Monsoon in October 2014.
Since inception, defendants have taken in from investors approximately $207
million in sales of a product called the “Banner AdPack” (“AdPack”)
Over 162,000 investors throughout the world have invested in AdPacks. As of the beginning of 2016, Traffic Monsoon was taking in approximately $25 million in cash each month.
Defendants solicit investors through Traffic Monsoon’s website and through
YouTube videos featuring Scoville. The website states that Traffic Monsoon’s mission is “to provide high quality ad services for affordable prices, and share revenues for a perfect winning combination that will lead to the ultimate success of our customers.”
Defendants market Traffic Monsoon as a successful Internet advertising services
company. They represent that it is a combination of an Internet traffic exchange, where users browse each others’ websites, and a pay-per-click program, where users are paid to click on others’ website banner ads. Defendants represent that its profit is derived from seven different highly desirable advertising products.
In reality, Traffic Monsoon’s advertising business is an illusion designed to obscure the fact that it is offering and selling a security in a pure Ponzi scheme. Over 99% of Traffic Monsoon’s revenue comes from the sale of AdPacks. The company has virtually no other revenue from any other source. All payments to investors are made out of these funds...'
'...Traffic Monsoon offers and sells seven different Internet advertising products.
Only one of these products, the AdPack, entitles the member to share in the company’s profits.
Traffic Monsoon has two kinds of members, “free” and “paying.” A “free”
member is someone who participates in the traffic exchange without buying any services, merely clicking on ads which Traffic Monsoon calls “cash links.” A “paying” member is someone who has purchased any product, including the AdPack, from the Traffic Monsoon website.
AdPacks cost $50 each. For this price, the investor receives 20 clicks to his
banner ad, 1,000 visitors to his website from the traffic exchange, and the ability to share in Traffic Monsoon’s profit.
If the 20 clicks and 1,000 traffic exchange credits were purchased separately from
Traffic Monsoon, they would cost $10.95. The investor is paying just under $40 for the remaining component of the AdPack, the profit sharing opportunity.
f the $50 paid for each AdPack, Scoville distributes 10% as a commission to the
person who introduced the investor; 4.5% for payment of Traffic Monsoon expenses; 1.5% to the company’s programmer; 79% to the company reserve fund; and 5% to a fund for sharing profit with AdPack purchasers.
Scoville uses the reserve fund, which initially was maintained at PayPal Holdings
Inc. (“PayPal”), to supplement investors’ profit sharing. His system automatically adds reserve funds to the profit sharing every hour. The reserve fund is used in this way to “smooth out” the profit sharing payments.
Investors are not informed that the reserve fund is used to supplement the sharing
of Traffic Monsoon profit.
Scoville has programmed the Traffic Monsoon system to share profits with
qualified accounts based on sales that took place 24 hours earlier. In YouTube videos he has created for Traffic Monsoon, Scoville uses the analogy of a bucket, which fills gradually with small drops of profit until the contents reach the “fill line” of $55.
Once the AdPack earns $55 it cannot earn additional profit. The investor may
then withdraw his funds or, if he wishes to continue to participate in profit sharing, he may buy a new AdPack.
The Traffic Monsoon website claims that there is no set timeframe for the
investor’s account to reach $55, or any assurance that it will ever in fact reach $55.
Traffic Monsoon treats the investor’s $50 payment for an AdPack (except for the
10% referral commission portion) as revenue to the company at the time it is paid.
Traffic Monsoon’s website discloses that the $50 payment for an AdPack is all
deemed revenue to the company at the time it is paid. The website provides no assurance that the investor’s “bucket” will ever reach the $55 “fill line.”
Nevertheless, historically, investor accounts receive a return of about $1 a day,
meaning that investors receive their $50 back, plus a $5 return, after about two months. This equates to a return of 10% over approximately two months.
If investors continue to roll their returns over to purchase a new AdPack every
two months, they will receive an annual return on investment of approximately 60% a year.
Scoville established this 10% rate of return and controls how quickly investors
accounts accumulate returns, in part by adding to the profit sharing from the reserve fund.
Scoville established this 10% rate of return and controls how quickly investors
accounts accumulate returns, in part by adding to the profit sharing from the reserve fund.
In order to share in company profit, AdPack investors must “qualify.” To qualify,
they must click on 50 banner ads in the traffic exchange in any given 24-hour period.
Traffic Monsoon makes it very easy for investors to complete their 50 clicks.
When they log into their dashboard they see (1) a banner ad to click on; and (2) the hours and minutes remaining in the 24-hour period. The investor is required to view each banner ad for only 5 seconds, and a counter appears that counts down the 5 seconds for him. At the end of that time the investor must click on an image that appears, to verify that he is a human, and then the next banner ad appears automatically. The act of completing the 50 clicks takes the investor 4.1 minutes per day.
Regardless of how many AdPacks an investor owns, he is only required to click
on 50 banner ads for 5 seconds each in a 24-hour period to remain qualified to share in profits...'
Spot the difference between Traffic Monsoon and My Advertising Pays!
And just because Mike no longer has MAPS registered in the USA, doesn't mean he is out of reach. In this day and age, we have telephones, emails, skype. A whole host of ways for the SEC to communicate with any country's authorities and take any action they want to .
You think MAPS won't go down the same way as Traffic Monsoon?
Think again! If you haven't already withdrawn your seed money, we recommend you do this asap - before it's too late!
He didn't want the same outcome as Charles now has with Traffic Monsoon.
Below is a segment from the Court papers outlining the complaint against Traffic Monsoon.
You'll notice that the 'business model' is practically a carbon copy of My Advertising Pays:
Case 2:16-cv-00832-JNP Filed 07/26/16
'This matter involves an ongoing Ponzi scheme and offering fraud operated by
Charles David Scoville (“Scoville”) and Traffic Monsoon, LLC (“Traffic Monsoon”),
headquartered in Murray, Utah. Scoville formed Traffic Monsoon in October 2014.
Since inception, defendants have taken in from investors approximately $207
million in sales of a product called the “Banner AdPack” (“AdPack”)
Over 162,000 investors throughout the world have invested in AdPacks. As of the beginning of 2016, Traffic Monsoon was taking in approximately $25 million in cash each month.
Defendants solicit investors through Traffic Monsoon’s website and through
YouTube videos featuring Scoville. The website states that Traffic Monsoon’s mission is “to provide high quality ad services for affordable prices, and share revenues for a perfect winning combination that will lead to the ultimate success of our customers.”
Defendants market Traffic Monsoon as a successful Internet advertising services
company. They represent that it is a combination of an Internet traffic exchange, where users browse each others’ websites, and a pay-per-click program, where users are paid to click on others’ website banner ads. Defendants represent that its profit is derived from seven different highly desirable advertising products.
In reality, Traffic Monsoon’s advertising business is an illusion designed to obscure the fact that it is offering and selling a security in a pure Ponzi scheme. Over 99% of Traffic Monsoon’s revenue comes from the sale of AdPacks. The company has virtually no other revenue from any other source. All payments to investors are made out of these funds...'
'...Traffic Monsoon offers and sells seven different Internet advertising products.
Only one of these products, the AdPack, entitles the member to share in the company’s profits.
Traffic Monsoon has two kinds of members, “free” and “paying.” A “free”
member is someone who participates in the traffic exchange without buying any services, merely clicking on ads which Traffic Monsoon calls “cash links.” A “paying” member is someone who has purchased any product, including the AdPack, from the Traffic Monsoon website.
AdPacks cost $50 each. For this price, the investor receives 20 clicks to his
banner ad, 1,000 visitors to his website from the traffic exchange, and the ability to share in Traffic Monsoon’s profit.
If the 20 clicks and 1,000 traffic exchange credits were purchased separately from
Traffic Monsoon, they would cost $10.95. The investor is paying just under $40 for the remaining component of the AdPack, the profit sharing opportunity.
f the $50 paid for each AdPack, Scoville distributes 10% as a commission to the
person who introduced the investor; 4.5% for payment of Traffic Monsoon expenses; 1.5% to the company’s programmer; 79% to the company reserve fund; and 5% to a fund for sharing profit with AdPack purchasers.
Scoville uses the reserve fund, which initially was maintained at PayPal Holdings
Inc. (“PayPal”), to supplement investors’ profit sharing. His system automatically adds reserve funds to the profit sharing every hour. The reserve fund is used in this way to “smooth out” the profit sharing payments.
Investors are not informed that the reserve fund is used to supplement the sharing
of Traffic Monsoon profit.
Scoville has programmed the Traffic Monsoon system to share profits with
qualified accounts based on sales that took place 24 hours earlier. In YouTube videos he has created for Traffic Monsoon, Scoville uses the analogy of a bucket, which fills gradually with small drops of profit until the contents reach the “fill line” of $55.
Once the AdPack earns $55 it cannot earn additional profit. The investor may
then withdraw his funds or, if he wishes to continue to participate in profit sharing, he may buy a new AdPack.
The Traffic Monsoon website claims that there is no set timeframe for the
investor’s account to reach $55, or any assurance that it will ever in fact reach $55.
Traffic Monsoon treats the investor’s $50 payment for an AdPack (except for the
10% referral commission portion) as revenue to the company at the time it is paid.
Traffic Monsoon’s website discloses that the $50 payment for an AdPack is all
deemed revenue to the company at the time it is paid. The website provides no assurance that the investor’s “bucket” will ever reach the $55 “fill line.”
Nevertheless, historically, investor accounts receive a return of about $1 a day,
meaning that investors receive their $50 back, plus a $5 return, after about two months. This equates to a return of 10% over approximately two months.
If investors continue to roll their returns over to purchase a new AdPack every
two months, they will receive an annual return on investment of approximately 60% a year.
Scoville established this 10% rate of return and controls how quickly investors
accounts accumulate returns, in part by adding to the profit sharing from the reserve fund.
Scoville established this 10% rate of return and controls how quickly investors
accounts accumulate returns, in part by adding to the profit sharing from the reserve fund.
In order to share in company profit, AdPack investors must “qualify.” To qualify,
they must click on 50 banner ads in the traffic exchange in any given 24-hour period.
Traffic Monsoon makes it very easy for investors to complete their 50 clicks.
When they log into their dashboard they see (1) a banner ad to click on; and (2) the hours and minutes remaining in the 24-hour period. The investor is required to view each banner ad for only 5 seconds, and a counter appears that counts down the 5 seconds for him. At the end of that time the investor must click on an image that appears, to verify that he is a human, and then the next banner ad appears automatically. The act of completing the 50 clicks takes the investor 4.1 minutes per day.
Regardless of how many AdPacks an investor owns, he is only required to click
on 50 banner ads for 5 seconds each in a 24-hour period to remain qualified to share in profits...'
Spot the difference between Traffic Monsoon and My Advertising Pays!
And just because Mike no longer has MAPS registered in the USA, doesn't mean he is out of reach. In this day and age, we have telephones, emails, skype. A whole host of ways for the SEC to communicate with any country's authorities and take any action they want to .
You think MAPS won't go down the same way as Traffic Monsoon?
Think again! If you haven't already withdrawn your seed money, we recommend you do this asap - before it's too late!
Sunday, 7 August 2016
Traffic Monsoon - Getting Your Money Back
Traffic Monsoon has been closed down and won't re-open.
The receivers have taken over the Traffic Monsoon website and Charles has no access to any funds.
This is the information about the Receivers:
Peggy Hunt @ Dorsey & Whitney
http://dm.epiq11.com/TMON/Project
and this is her Official Email address
trafficmonsoon.receiver.inquiries@dorsey.com
You will no longer be able to withdraw money from your accounts. Please contact Peggy directly.
This is a brief summary of the procedure to try and get your money back:
You need to first contact your payment processor (Paypal/Payza/STP etc) for a refund. If they refuse, try for a Chargeback from your Bank or Credit Card company. (Information on link attached). In summary, you are claiming for 'services not received' under the 540 day Chargeback rule. You need to contact the Banks Fraud department - NOT RETAIL DISPUTES -
All the information you need to help you is on this page:
http://taratalkstoday.blogspot.co.uk/p/get-your-money.html
Not all Chargebacks are successful so if your Chargeback application fails, the Receivers may eventually refund a percentage of any ORIGINAL SEED MONEY money you paid Traffic Monsoon but this may take months/years I'm afraid.
http://taratalkstoday.blogspot.co.uk/p/traffic-monsoon-scam.html
The receivers have taken over the Traffic Monsoon website and Charles has no access to any funds.
This is the information about the Receivers:
Peggy Hunt @ Dorsey & Whitney
http://dm.epiq11.com/TMON/Project
and this is her Official Email address
trafficmonsoon.receiver.inquiries@dorsey.com
You will no longer be able to withdraw money from your accounts. Please contact Peggy directly.
This is a brief summary of the procedure to try and get your money back:
You need to first contact your payment processor (Paypal/Payza/STP etc) for a refund. If they refuse, try for a Chargeback from your Bank or Credit Card company. (Information on link attached). In summary, you are claiming for 'services not received' under the 540 day Chargeback rule. You need to contact the Banks Fraud department - NOT RETAIL DISPUTES -
All the information you need to help you is on this page:
http://taratalkstoday.blogspot.co.uk/p/get-your-money.html
Not all Chargebacks are successful so if your Chargeback application fails, the Receivers may eventually refund a percentage of any ORIGINAL SEED MONEY money you paid Traffic Monsoon but this may take months/years I'm afraid.
http://taratalkstoday.blogspot.co.uk/p/traffic-monsoon-scam.html
Friday, 5 August 2016
Traffic Monsoon - SITE CLOSED!
Wow! The SEC don't mess around do they!
Traffic Monsoon is now Officially gone and won't re-open. I'm amazed it was closed down so quickly but just confirms what we knew all along - that Traffic Monsoon is, was, and always has been: A Ponzi SCAM!
Charles will surely be arrested soon - watch this space!
This is the transcript of the SEC announcement:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23604 / July 28, 2016
Securities and Exchange Commission v. Traffic Monsoon et al., No. 2:16-cv-00832-JNP (D. Utah filed July 26, 2016)
SEC Halts $207 Million Internet-Based Ponzi Scheme
The Securities and Exchange Commission today announced that it has obtained an asset freeze against the operator of a Utah-based international Ponzi scheme that raised more than $207 million from investors worldwide, primarily in the U.S., India and Russia.
In a complaint filed in federal court in Salt Lake City on July 26, the SEC alleges that Traffic Monsoon LLC and Charles Scoville, the company's only member operated an Internet-based Ponzi scheme that they falsely represented to investors was an advertising company. According to the SEC complaint, Scoville began operating Traffic Monsoon in October 2014 as a combination Internet traffic exchange and pay-per-click program and recruited more than 162,000 investors around the world. According to the complaint, although Traffic Monsoon markets itself as a highly successful company, nearly all of its revenue is generated by other investors, not its products or services. The complaint alleges that more than 99% of Traffic Monsoon's revenue is derived from new investor funds, making claims that it is a successful advertising business merely an illusion.
The SEC's complaint alleges that Traffic Monsoon and Scoville violated Sections 5(a), 5(c) and 17(a)(1) and (3) of the Securities Act of 1933 and Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5(a) and (c) thereunder. Among other things, the SEC's complaint seeks permanent injunctions, prohibiting further violations of the laws charged, disgorgement of ill-gotten gains plus prejudgment interest and civil penalties from Traffic Monsoon and Scoville.
The SEC's investigation was conducted by Alison Okinaka, Scott Frost and Cheryl Mori of the SEC's Salt Lake Regional Office. Daniel Wadley is leading the SEC's litigation.
https://www.sec.gov/litigation/litreleases/2016/lr23604.htm
Traffic Monsoon is now Officially gone and won't re-open. I'm amazed it was closed down so quickly but just confirms what we knew all along - that Traffic Monsoon is, was, and always has been: A Ponzi SCAM!
Charles will surely be arrested soon - watch this space!
This is the transcript of the SEC announcement:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23604 / July 28, 2016
Securities and Exchange Commission v. Traffic Monsoon et al., No. 2:16-cv-00832-JNP (D. Utah filed July 26, 2016)
SEC Halts $207 Million Internet-Based Ponzi Scheme
The Securities and Exchange Commission today announced that it has obtained an asset freeze against the operator of a Utah-based international Ponzi scheme that raised more than $207 million from investors worldwide, primarily in the U.S., India and Russia.
In a complaint filed in federal court in Salt Lake City on July 26, the SEC alleges that Traffic Monsoon LLC and Charles Scoville, the company's only member operated an Internet-based Ponzi scheme that they falsely represented to investors was an advertising company. According to the SEC complaint, Scoville began operating Traffic Monsoon in October 2014 as a combination Internet traffic exchange and pay-per-click program and recruited more than 162,000 investors around the world. According to the complaint, although Traffic Monsoon markets itself as a highly successful company, nearly all of its revenue is generated by other investors, not its products or services. The complaint alleges that more than 99% of Traffic Monsoon's revenue is derived from new investor funds, making claims that it is a successful advertising business merely an illusion.
The SEC's complaint alleges that Traffic Monsoon and Scoville violated Sections 5(a), 5(c) and 17(a)(1) and (3) of the Securities Act of 1933 and Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5(a) and (c) thereunder. Among other things, the SEC's complaint seeks permanent injunctions, prohibiting further violations of the laws charged, disgorgement of ill-gotten gains plus prejudgment interest and civil penalties from Traffic Monsoon and Scoville.
The SEC's investigation was conducted by Alison Okinaka, Scott Frost and Cheryl Mori of the SEC's Salt Lake Regional Office. Daniel Wadley is leading the SEC's litigation.
https://www.sec.gov/litigation/litreleases/2016/lr23604.htm
Wednesday, 3 August 2016
Traffic Monsoon - What now?
If you're an affiliate of Traffic Monsoon, what happens now?
This is the stage we're now at:
The Securities and Exchange Commission applied to the courts to have both Traffic Monsoon's and Charles personal bank accounts frozen and this was granted:
http://trafficmonsoonpp.pl/sec-vs-traffic-monsoon.pdf
Both STP and Payza are also forbidden by the courts to pay you any withdrawals.
The action against Traffic Monsoon is currently a civil action but since operating a Ponzi is illegal, we fully expect criminal charges to be brought against Charles very soon.
The SEC has been interviewing Charles since May 2016 so Charles has been fully aware of these investigations.
These are the interviews held between Charles and the SEC;
https://drive.google.com/…/0B6fqGyKC6WsbSUtWY0RSZVZVMnM/view
Paypal released funds held by them in July 2016 and Charles paid that money into the Traffic Monsoon bank account. The vast majority of that money was then siphoned off into Charles personal bank account.
The Court also appointed a Receiver who will investigate all of Traffic Monsoons accounts and try and recover as much money as possible for creditors i.e affiliates.
When the Receivers details are fully known and correct contact information for them has been confirmed, we will let you know what you need to do and how to apply to be a creditor.
The website is still up and will probably remain for some weeks/months yet, but only the Official Receivers have access to it.
Getting Your Money Back.
Our advice to you is not to wait for the Receivers to pay you, but to try for a Chargeback if you can.
This is the precedure:
You need to first contact Paypal/Payza/STP for a refund. If they refuse, try for a Chargeback from your Bank or Credit Card company. (Information on link attached). In summary, you are claiming for 'services not received' under the 540 day Chargeback rule. You need to contact the Banks Fraud department - NOT RETAIL DISPUTES -
All the information you need to help you is on this page:
http://taratalkstoday.blogspot.co.uk/p/get-your-money.html
Not all Chargebacks are successful so if your Chargeback application fails, the Receivers may eventually refund a percentage of any ORIGINAL SEED MONEY money you paid Traffic Monsoon but this may take months/years I'm afraid.
The next Court date is September 23rd 2016 and any new updates will posted when we have news.
Subscribe to:
Posts (Atom)