Tagged: Traffic Monsoon

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Traffic Monsoon Ponzi appeal denied

Following an almost two year wait, earlier today a decision on Charles Scoville’s Traffic Monsoon Ponzi appeal was published. In a decision that positively nobody could have predicted, the Tenth Circuit appeals court has...

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Charles Scoville enters Traffic Monsoon settlement negotiations with SEC

After just over two years of vowing to clear his name and prove Traffic Monsoon wasn’t a Ponzi scheme, Charles Scoville has entered into settlement negotiations with the SEC.The latest Traffic Monsoon developments begin with a July 23rd filing, in which Scoville requests $171,861 in seized Ponzi victim funds to cover his legal costs.
In the filing, Scoville’s attorneys argued the request was “not only necessary … (but also) reasonable”.
Mr. Scoville’s health problems have precluded him from raising funds for his own support, much less to fund a sophisticated opposition and appeal.
As the Court is now aware, Mr. Scoville has had numerous…

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Charles Scoville arrested for aggravated sexual abuse of a child

News of the arrest of a Charles David Scoville in Utah broke last week.Given the severity of the charge, I held off on reporting the story until I had absolute confirmation it was Traffic Monsoon’s Charles Scoville.
Following an unrelated June 18th filing by the Receiver, I can now confirm Charles Scoville, founder of Traffic Monsoon, has been arrested for aggravated sexual abuse of a child.
Details of Scoville’s alleged crime have yet to be made public.
Following his arrest, Scoville was transported to a Salt Lake City prison in Utah.
Scoville’s inmate details reveal he was arrested on June 12th with a $100,000 bond…

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Charles Scoville hospitalized for abberant, paranoid & manic behavior

One of the assets attributed to Scoville’s use of Traffic Monsoon investor funds is a £290,000 flat and parking space in Manchester, UK.The use of investor funds to purchase the property in 2015 means the asset belongs to the Traffic Monsoon Receivership estate.
The Receiver has keys to the property but was unable to file a notice of Receivership against the flat because, according to the Land Registry, ‘the Receivership Order is not directly enforceable in the United Kingdom‘.
Not particularly concerned because she had access to the property and Charles Scoville was legally forbidden from selling the flat off, the Receiver settled for…