Traffic Monsoon, LLC and Charles David Scoville Facing SEC Civil Injunctive Regarding Violations of Securities Laws; Traffic Monsoon, LLC Also Facing Disgorgement, Prejudgment Interest and Civil Penalties

Traffic Monsoon, LLC and Charles David Scoville are allegedly facing an SEC civil injunctive with regards to violations of securities laws, according to an SEC Complaint from the U.S. District Court of Utah currently under review by attorneys Alan Rosca and James Booker.

Traffic Monsoon, LLC and Charles are also looking at repercussions of disgorgement, prejudgment interest and civil penalties from the SEC, the Complaint also notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Traffic Monsoon, LLC’s alleged Ponzi scheme and encourage investors to contact the firm.

Traffic Monsoon, LLC is Also Facing an Ex Parte Temporary Restraining Order, a Preliminary Injunction, and an Ex Parte Asset Freeze from the SEC

The SEC is also requesting emergency relief against Traffic Monsoon, LLC, according to the aforementioned Complaint being examined by attorneys Alan Rosca and James Booker.

The emergency relief will come in the part of an ex parte temporary restraining order, a preliminary injunction, an ex parte asset freeze and order appointing a receiver over Traffic Monsoon and its customer funds, and the funds of Scoville, the Complaint notes.

The SEC’s temporary restraining order against Traffic Monsoon, LLC claims that that entity is allegedly a Ponzi scheme which took in $207 million from approximately 160,000 global investors, the Complaint also 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, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Important Case Updates

Traffic Monsoon and Charles Scoville are subject to a pending complaint in federal court filed by the Securities and Exchange Commission.  Traffic Monsoon and Scoville are alleged to have operated a fraudulent scheme that raised over $200 million from over 160,000 members/investors worldwide.  A receiver has been appointed in the federal action. Traffic Monsoon Members/Investors’… Read more »

Our law firm has received a flood of inquiries from Traffic Monsoon investors (“members”). Given the enormous number of affected investors – over 160,000 – it is physically impossible for us to respond to individual inquiries telephonically.  But, we’re working at this matter to determine what the legal options to pursue redress for the members… Read more »