Finally, Charles Scoville of Traffic Monsoon has been held accountable for running a ponzi scam that stole millions of dollars from thousands of people around the world and must pay the Securities and Exchange Commission nearly $5 million, which (if he can pay it) would go towards victims refunds.
A criminal case will follow for tax evasion and wire fraud that we hope will lead to further jail time ( Charles is currently in prison for child sexual abuse and is due for release in spring 2021)
IT IS ORDERED AND ADJUDGED that Charles Scoville is liable to the Securities and Exchange Commission for disgorgement in the amount of $2,537,642.
Amounts collected on this sum shall be first allocated toward victim compensation. If disbursement to victims is not practicable, amounts collected should then be directed to the United States Treasury.
Charles Scoville is also liable to the Securities and Exchange Commission for a civil penalty in the amount of $2,426,749.
Finally, Charles Scoville shall be subject to the following permanent injunction:
Charles Scoville is hereby prohibited from soliciting, accepting, or depositing any monies obtained from actual or prospective investors, individuals, customers, companies, or entities for Traffic Monsoon or a business model substantially similar to Traffic Monsoon’s sale of AdPacks. Furthermore, Charles Scoville’s agents,
servants, employees, attorneys, and other parties in active concert with Charles Scoville, when acting in such capacities, are prohibited from soliciting, accepting, or depositing any monies obtained from actual or prospective investors, individuals, customers, companies,or entities for Traffic Monsoon or a business model substantially similar to Traffic Monsoon’s sale of AdPacks.'
IT IS ORDERED AND ADJUDGED that Charles Scoville is liable to the Securities and Exchange Commission for disgorgement in the amount of $2,537,642.
Amounts collected on this sum shall be first allocated toward victim compensation. If disbursement to victims is not practicable, amounts collected should then be directed to the United States Treasury.
Charles Scoville is also liable to the Securities and Exchange Commission for a civil penalty in the amount of $2,426,749.
Finally, Charles Scoville shall be subject to the following permanent injunction:
Charles Scoville is hereby prohibited from soliciting, accepting, or depositing any monies obtained from actual or prospective investors, individuals, customers, companies, or entities for Traffic Monsoon or a business model substantially similar to Traffic Monsoon’s sale of AdPacks. Furthermore, Charles Scoville’s agents,
servants, employees, attorneys, and other parties in active concert with Charles Scoville, when acting in such capacities, are prohibited from soliciting, accepting, or depositing any monies obtained from actual or prospective investors, individuals, customers, companies,or entities for Traffic Monsoon or a business model substantially similar to Traffic Monsoon’s sale of AdPacks.'
Are there any chance that he is capable to pay $5 Million? What will happened if not?
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