Traffic Monsoon, LLC—Ponzi Scheme
Traffic Monsoon, LLC Allegedly Has Run and Ongoing Ponzi Scheme and Operating Fraud Purportedly Ran by Charles David Scoville; Traffic Monsoon, LLC has Allegedly Taken in $207 Million in Sales of Banner AdPacks
Traffic Monsoon, LLC has allegedly operated a continuous Ponzi scheme and operating fraud with Charles David Scoville serving as the lead man, according to an SEC Complaint from the U.S. District Court of Utah currently under review by attorneys Jason Kane and James Booker.
Traffic Monsoon, LLC, since the entity was started in October of 2014, has allegedly taken in $207 in recorded sales of a product which is known as the “Banner AdPack”, said Complaint reports.
The Peiffer Rosca Wolf securities lawyers are currently investigating Traffic Monsoon, LLC’s alleged Ponzi scheme.
Traffic Monsoon, LLC Has Allegedly Corralled Approximately 162,000 Investors Globally, Taking in about $25 Million in Cash Monthly
Traffic Monsoon, LLC has allegedly persuaded approximately 162,000 global investors to purchase AdPacks, and has taken in about $25 million in cash on a monthly, according to the aforementioned Complaint being examined by attorneys Jason Kane and James Booker.
The SEC further alleges that Traffic Monsoon solicited investors via its website and YouTube videos which prominently featured Scoville and that the Defendants in the case allegedly represented Traffic Monsoon’s profit as coming from seven different highly desirable advertising products, the Complaint also notes.
Traffic Monsoon also allegedly marketed itself as a successful and highly profitable internet advertising company that is a mix of Internet traffic exchange wherein users can look over each others’ web pages and which uses a program where users pay to click on each others’ website banner ads, the Complaint reports.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schmes and are currently investigating Traffic Monsoon’s alleged Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Traffic Monsoon’s alleged Ponzi scheme may contact the securities lawyers at the Cleveland office of Peiffer Rosca Wolf, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.