Thread: Traffic monsoon. Better than MAPS with trusted admin Charles Scoville

You have two entities involved with TM. You have the forensic accountants following the money trail, and you have the forensic computer specialists following the computer data. By the time this gets to a civil trial, the SEC will know everything they need to know financially and technically about TM. Remember, the 11/1 is just a hearing on whether or not the TRO will be made permanent thus requiring a civil trial to determine if TM is a Ponzi as charged by the SEC. It is not going to determine if TM is a Ponzi or not.

The question of "ponzi vs not ponzi" is irrelevant to the SEC case.

The allegations are:

FIRST CAUSE OF ACTION
EMPLOYMENT OF A DEVICE, SCHEME OR ARTIFICE TO DEFRAUD
Violation of Section 17(a)(1) of the Securities Act [15 U.S.C. § 77q(a)(1)]

SECOND CAUSE OF ACTION
FRAUD IN THE OFFER OR SALE OF SECURITIES
Violation of Section 17(a)(3) of the Securities Act [15 U.S.C. § 77q(a)(3)]

THIRD CAUSE OF ACTION
FRAUD IN CONNECTION WITH THE PURCHASE OR SALE OF SECURITIES
Violation of Section 10(b) of the Securities Act [15 U.S.C. § 78j(b)] and Rule 10b-5(a) and
(c) thereunder [17 U.F.R. § 240.10b-5(a) and (c)]

FOURTH CAUSE OF ACTION
OFFER AND SALE OF UNREGISTERED SECURITIES
Violation of Sections 5(a) and (c) of the Securities Act [15 U.S.C. § 77e(a) and (c)]

fraud/frɔːd/
noun

1. wrongful or criminal deception intended to result in financial or personal gain.

Originally Posted by littleroundman

The question of "ponzi vs not ponzi" is irrelevant to the SEC case.

The allegations are:

Yep I get what you mean, but the

fraud/frɔːd/
noun

1.wrongful or criminal deception intended to result in financial or personal gain.

would depend quite a lot on whether or not it was a Ponzi... so I think it isn't quite true to say that it's irrelevant !
Scoville et al would argue that if it wasn't a Ponzi then that would go to support there being no INTENT to defraud.

(sorry, just being my usual pedantic self!)

Originally Posted by stephenjgray

intended to result in financial or personal gain.

would depend quite a lot on whether or not it was a Ponzi..

I don't quite follow your argument.

Read the SEC complaint and see how many times the word "ponzi" appears.

Similarly, there is no specific "running a ponzi" criminal charge in the US statutes.

Fraud, wire fraud, conspiracy, money laundering, yep.

Running a ponzi isn't there.

Fraud, intent to defraud and violations of the Securities Act are the actual civil charges brought by the SEC

Any usage of the word "ponzi" has been done by observers outside the SEC

Originally Posted by littleroundman

I don't quite follow your argument.

Read the SEC complaint and see how many times the word "ponzi" appears.

Understood...
But my argument is that whether or not it is a Ponzi in this case goes to whether or not there was INTENT to defraud
which formed a key part of the definition of FRAUD that you quoted.

But hey, I get your overall point... the SEC won't be arguing it's a Ponzi... they don't care... they are basing their case on that it was any kind of scam using unregistered securities and therein lies the fraud.

When Traffic Hurricane gets taken down, no one will see Ernie for way more than a few days...

Ernie_Ganz.jpg

Originally Posted by stephenjgray

Understood...
But my argument is that whether or not it is a Ponzi in this case goes to whether or not there was INTENT to defraud

That's another argument often used by ponzi apologists in cases such as this.

However, unless it can be showed what happened was accidental or unexpected, there was intent

"Yes, Your Honour, I expect you to believe I unintentionally ended up with several hundred million dollars passing through my personal accounts over two years"

Can't see it, myself

Originally Posted by littleroundman

That's another argument often used by ponzi apologists in cases such as this.

However, unless it can be showed what happened was accidental or unexpected, there was intent

"Yes, Your Honour, I expect you to believe I unintentionally ended up with several hundred million dollars passing through my personal accounts over two years"

Can't see it, myself

Yes well in this case it so clearly IS a fraudulent scam that we are arguing about the arrangement of the deckchairs on the Titanic ...

Originally Posted by stephenjgray

Yes well in this case it so clearly IS a fraudulent scam that we are arguing about the arrangement of the deckchairs on the Titanic ...

Nah, we're not "arguing"

All of the points you've raised are commonly used in defense of HYIP ponzi and pyramid fraudsters every time a prosecution is taking place.

In case anyone hasn't yet seen this on TaraTalks or on the TM Refund FB:

ALFONSE'S STORY...
(This will then be followed by Charles Scoville's response to this... and then... a further treat... Muhammad responds to Charles...).

Just because it pays out - it doesn't mean it isn't a scam:

'I first saw TM being mentioned on Facebook by a friend in the U.K. He regularly posted updates about how much money he was earning. I didn't even know what an AdPack was!
When I asked him about it, he showed me an 'AdPack compounding calculator' which showed how much money I would make depending on how many AdPacks I bought and then compounded the income.
At no time was advertising mentioned. In fact, I and many others used the pointless TM banner ad and link with my AdPacks.
I admit that I was a greedy idiot and ignored the 'haters' for months and even convinced 24 people to get involved.
Two key lies were the main reason why I believed in TM:
1. Charles and his dirtbag leader buddies, including the amazing disappearing Immy Aslam, said that only around 5% of TM revenue came from AdPack sales... and
2. PayPal offered 6 months buyer protection in case anything went wrong.
As soon as that last lie started spreading, TM had third world country hayseeds investing literally their house in TM.
But it wasn't just poor people who genuinely believed TM was their key to riches. TM had people like Sunil Patel and Sharon James convince victims to invest huge amounts of money.
These victims are the same poor fools who fill the pro TM groups with ridiculous declarations of love for Charles, and claiming that TM will 'prevail' and somehow magically become a legitimate business. It's tragic in my opinion...
It should also be a cause for concern for Charles and some of his inner circle of 'leader' Ponzi pimps. I've seen many messages posted in the TM groups threatening Charles. That was before he did a mass block of all the 'haters'.
I admit that the advertising did work for me for a couple of months last year prior to the suspicious and sudden drop off in traffic delivery experienced by others in this group around November/December. Lara can attest to this.
I started off just using the TM ad with my AdPacks but later learned how to setup ads for affiliate products on clickbank and got a few sales. I also promoted things like Bitcoin sites and my own blog.
The traffic worked and I believed the lies about the breakdown of revenue and the PayPal buyer protection cover.
I freely admit that I was blinded by greed. I soon started spending hours a day making user guides for TM, helping people setup ads, doing video calls with new prospects etc..
By December I was regularly making over $100 a day just in commissions. I was on cloud nine! I withdrew money regularly and bought things like the latest iPad, jewellery for my wife etc. I paid off some debts and gave money to friends and family.
My aunt died and left me some money. I didn't hesitate and invested US$5,000 into Traffic Monsoon. The next day I quit my job and moved to Thailand, where it's possible to live VERY comfortably on $100 a day which I was making from commissions.
I started withdrawing $100 a day to payza and it worked for December, but then it all came crashing down...
Charles and his friend Immy announced the TM world bank and then casually mentioned that TM had decided to 'move away' from PayPal.
My heart sank. Suddenly I started looking at TM critically. I had noticed that my signups for offers advertised on TM had dropped to zero almost overnight. Some of my downline noticed the dead traffic too.
Something was not right. I could feel it.
I sent an email to my downline and told everyone to get out of TM as soon as possible. I researched how to do *chargeback claims through PayPal and banks and offered my help.
Unfortunately, many of my downline trusted what Charles said and ignored my advice. Some of these people were lifelong friends and family members who now think i'm a crook for getting them involved in TM.
I was still withdrawing the $100 a day from commissions and the instant withdrawals from TM to payza stared taking a day, then 2 days and finally weeks. The Facebook TM groups were full of people posting withdrawal updates and worrying about it.
I started worrying.. I didn't have enough money to return to the country where I was working before and the job options in Thailand were very limited.
Eventually I had almost $3k in pending withdrawals to payza, which would have been my 'salary' for January.
Then Charles announced TM 2.0 and told members that all pending withdrawals would be placed into pending status until PayPal released the funds after 6 months.
That's when my life started falling apart. I started drinking every day. I couldn't sleep with worry. My wife was furious that I had put $5k into TM and quit my job. She was right - it was a very stupid thing to do, but I was greedy and believed all the lies that Charles and his friends told us.
I'm thankful that most of my referrals got their money back, but there are a handful that are now facing a long wait to get some of their investment back from the receiver.
So, that's my story with TM and I'm sure there are many worse ones out there. TM cost me a good job, friends, my marriage and respect of my family who all warned me that it was a scam when I first joined.
I hope and believe that justice will be delivered by the SEC. I also believe that you're wasting money on legal options that will be fruitless.
The facts are black and white. Only 0.4% of TM income came from 'products' that weren't the revenue shares (AdPacks). Charles was present at many meetings and presentations where the key message was 'get 10% growth every 55 days. Compound this income into buying more revenue shares'.
I don't care how many times he spouts the pseudo compliance drivel about TM not being an investment. It's just another lie to add to the very long list..'

Charles Scoville responds (pretending to be his mother Shirley, like you do...)

Shirley Scoville: Alfonse Agrravonti, thanks for sharing your very sad story. You have gone through a lot, and I am sorry you have suffered so much. Let ask some questions and, then, give you my perspective. Did your friend in the U.K regularly posting about his earnings on TM ever point to anything Charles said that “earnings” were guaranteed?

Was the “AdPack compounding calculator” provided by Charles? When you signed up on Traffic Monsoon, did you not see a statement about advertising and that the site was not an investment? Did you not have to sign something to that effect?

I didn’t follow your story about using “the pointless TM banner ad and link with my AdPacks” since I never became a member. I don’t have any business to advertise online. You could tell me more about that.

Did you hear or read Charles saying “that only around 5% of TM revenue came from AdPack sales” and “PayPal offered 6 months buyer protection in case anything went wrong” or anything to have you believe that? And despite the AdPacks were so popular and matter the percentage of the business they were, how does this mean TM was a ponzi?

I am glad to hear the traffic worked, at least, for a while for you and sorry to hear about your risky moves with money, quitting your job, and moving to Thailand. I admire you for admitting you were blinded by greed.

I heard about the TM World Bank, too, though I didn’t hear a name, and know Charles was letting everyone in on the ground floor of information. Unfortunately, that move made him look bad when the deal didn’t work out. The behind-the-scene story is tragic. In the mix, there was PayPal withholding TM funds for 6 months. I’d never heard of such a move by PayPal. It was shocking to me really.

Then, the SEC waited for a few days after PayPal released the funds before it seized them. Do you know what that looks like to me? It looks like PayPal and the SEC were working together. The SEC needed PayPal to release the funds so its receiver would be paid out of them. Yes, the SEC is using Charles’ and TM’s funds to pay the receiver.

So, while you are hoping the SEC will deliver justice, please know it does not consider those who worked equally with those who bought AdPacks. Now Charles has expert legal representation, they filed to have those funds put in escrow, in reserve, so they wouldn’t be drained by the receiver. Charles cares about TM members and those who should be paid. Charles’ legal defense is defense for you, not against you.

You say “Charles was present at many meetings and presentations where the key message was 'get 10% growth every 55 days. Compound this income into buying more revenue shares.'” Were you at any of these meetings, saw any documentation to that statement, or just heard about it? Someone could be shifting blame. If not, though, the next question is did he guarantee anything?

I believe Charles should be held accountable for his actions and only his actions. If you have not read the motions, take this opportunity for free at 9-23-2016.

And Muhammad gets the last word: (well, Chirley has promised to respond to this, but so far... "TMbleweed"...)

Muhammad Maf Rahman: Mrs Scoville, I appreciate the predicament you are in, I’m sure you abhor those who take advantage of the most vulnerable in an effort to extort their money via fraud, embezzlement and criminality. But how does a mother face up to the fact that her own son is the one being accused of this (and the evidence so far overwhelmingly points to his guilt)? No doubt you are inclined by your maternal instincts to protect your son, an impulse which makes it very difficult for any mother to accept even the most trivial of flaws in their offspring. I’ve benefitted from such favouritism myself (although not in situations as grave as the one Charles faces), for this reason I’m reluctant to paint you with the same brush as Charles.

But I do find it contradictory that you are constantly repeating the arguments Charles has offered in a feeble attempt to absolve himself of any blame, but then when you are asked to answer questions that could reveal some inconvenient truths you claim that you don’t know enough about the business, have never spoken to Charles about his business or cannot comment as this is an ongoing case. The truth is you are selective when it comes to commenting on Charles or TM and this is clearly driven by your bias towards your son.

If you cannot accept the criminality of your son, at least have the decency to accept that there is abundant incontrovertible evidence which exposes Charles as a liar, someone who has misled people and who is hopelessly incompetent at running a multi-million dollar business. These examples include but are not limited to the following:

1. Publicly stating that ad-packs are a low volume product when it was really the only product TM was setup to sell
2. Telling people that revenue from other products apart from the ad-pack sales is what creates the profit margins for TM, when the truth was that 99.6% of sales came from ad-packs and hiding this fact along with the business model from all his customers
3. Claiming that TM was only selling advertising products for people’s businesses but then allowing the majority of the people who signed up to use the TM ad banner (as he knew most of his customer base did not even have a business but still let them pour funds into TM)
4. Staying quiet whilst TM leaders like Sunil et al openly claimed that TM was an investment
5. Hiding the fact that Paypal had frozen the TM account
6. Claiming that TM was moving away from PP as a strategic decision when in truth he was forced into this move by PP cutting ties with TM
7. Continuing to let people pour money into PP for nearly a whole month, when he knew that this money would be frozen as per the notice given to him by PP in early January. Had he come clean right at the beginning about the PP freeze then a significant number of his customers that he allegedly cares about so much about (some of them very poor) could have minimised the money they had lost as part of the PP freeze
8. On numerous occasions immediately following the PP freeze Charles made definitive statements that the TM World Bank was a formality, on the verge of opening in a few days and even publicly set a date for the bank going live. Only to renege on this promise and then offer an elaborate story of how he was misled by the TM bank setup team. Really, you are the CEO of a company and you can be duped into thinking that your bank was on the verge of opening? How can someone display such reckless lack of oversight in the running their own company? He couldn’t even deliver the TM credit cards/TM Allied Wallet cards that he promised on numerous webinars held with his gushing fanboys
9. What happened to the TM office that was meant to open in the Dubai World Trade Centre that Charles so proudly proclaimed on youtube?
10. What happened to the prominent member of the Emirati Royal Family that had joined TM according to one of Charles’ youtube updates?
11. Announcing that Amin Forati was the CFO for TM when in reality he did nothing for TM and has questionable credentials along with a shady business past (much like Charles), only to declare a few weeks later that Forati had no real role and left TM. How can Charles show such a lack of due diligence in business decisions?
12. Charles’ questioning by the SEC and their investigation into TM had the potential to massively impact on the livelihoods of TM members, but Charles hid the fact he was under investigation for months until the asset freeze was made public
13. Hiding the fact that for over 2 weeks PP had released the company funds, secretively moving these funds into his personal account (in any reputable company this would be seen as suspect at best and embezzlement at worst) whilst continuing to leave TM members under the impression that the PP funds would be released in August. Then providing contradictory reasons for why he had to move the money to his personal account
14. How can Charles justify using an excel spreadsheet and the ‘expert’ help of an IT geek to manage nine figures sums? My own father is self employed/semi-retired and even he uses accountancy services for his income and finances which are a negligible fraction in comparison to TM’s revenue
15. Having no company structure, departments, customer service section, finance managers, operations managers and instead running a multi-million dollar revenue company from his laptop
16. Arrogantly claiming to have made $80m on FB even though his questionable tax return filings make no such reference
17. Publicly claiming to live a frugal and humble lifestyle with no materialistic inclinations and an enthusiasm to rid the world of poverty......but in private splashing cash on multiple properties, cars as well as having 7 figures worth of cash in his personal bank account before the asset freeze according to the documents he submitted himself to the SEC
18. Lack of transparency, covering all his tracks and any potential audit trail by not publishing any business accounts/annual reports for TM, and rushing to delete his history of facebook posts (including deleting posts with outlandish claims immediately after posting them)
19. Showing a disregard for data protection and confidentiality by releasing the software code and TM database to third parties which allowed for TM+ and Traffic Hurricane to be setup online. If I showed such a disregard in my current job in the NHS I would be sacked!
20. Having a history of opening similar schemes which ended up failing that also led to people losing their money

These examples are only a drop in the ocean, all of which can be corroborated from court documents, Charles’ own youtube channel and the following link: https://taratalkstoday.blogspot.co.u...raffic-monsoon...

Mrs Scoville can you now see why Charles has become such a figure of hate and loathing, can you at least see that at best he is a pathological liar?

Some Friday morning light entertainment.

Here is the Clown Prince of Traffic Monsoon Sunil Patel's Traffic Monsoon "update" /Anti SEC Rant from October 4th.

Originally Posted by stephenjgray

Yep fair point about the money that was moved to his personal account!

Now, some points on your "money owing" math:

a) that 61M is just what was paid out through Paypal. There's another significant figure for what has been paid out through the other payment processors. (I think the papers give the total paid out figure somewhere??). But I grant you it seems unlikely that figure would be enough to account fully for the difference between 11M ad packs and 7M ad packs- so there seems to be a discrepancy there between/within the figures provided by Charles

b) when calculating the liability on the 7M remaining ad-packs, it isn't fair to multiply by $55 imo. On average each ad-pack would have half of its time left, so would have already paid out half of its liability (some of which is included in the $4M account balances figure). Thus you multiply 7M x $27.50 which is where I got the $192 MILLION from.

You guys are forgetting the $80m Charles has bragged about making from tm and giving away to friends and family and charity because he's such a generous guy

Charles explains his version of the "core" of a Ponzi scheme and Traffic Monsoon...

Charles_Scoville.jpg
Charles_Scoville_001.png

Once again, Charles fails to acknowledge that people only joined (he refers to this as a 'sale of service') because of the "expected" $55 return. We know this is true because 99.4% bought ad packs.

The end.

SCAMil Patel !!!

https://www.facebook.com/photo.php?f...type=3&theater

"Why don't these return calculators i was issued at your Manchester meeting mention advertising?"
Can someone screenshot this before Jose Nonsense takes it down?

Originally Posted by Fat City, LA

https://www.facebook.com/photo.php?f...type=3&theater

"Why don't these return calculators i was issued at your Manchester meeting mention advertising?"
Can someone screenshot this before Jose Nonsense takes it down?

Adam Wider...

Adam Wider.jpg

Originally Posted by littleroundman

[B]Nah, we're not "arguing"

Great discussion IMO....Lots of great information...

Originally Posted by TmHunter

You guys are forgetting the $80m Charles has bragged about making from tm and giving away to friends and family and charity because he's such a generous guy

The receiver won't forget

Where is SCAMey Williams these days? That turd hasnt given his usual PHD class in village idiot science in several days.

"The Traffic Monsoon Receiver’s investigation into Traffic Monsoon continues, with the latest seeing subpoenas served on Google, Yahoo and William Bryant."

Traffic Monsoon Receiver subpoenas Google, Yahoo & William Bryant

"In addition to the periodic pro-Ponzi rants Scoville has been publishing on Facebook, a few weeks ago Scoville filed an opposition to the SEC’s requested preliminary injunction.

The SEC have filed their reply, claiming Scoville’s arguments are “without merit” and “legally meaningless”.

SEC: Scoville's arguments are "without merit" & "legally meaningless"

Oz over on his BEHINDMLM blog is reporting:



You can read the original article here on BEHINDMLM.com