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 monitoring the flat from the UK office of her law firm.

Due it being owned by the Receivership Estate, fees and taxes to maintain the property have been covered by the Receiver since mid 2016.

Despite all of this however, Charles Scoville went ahead and sold the flat anyway on November 28th, 2017.

The Receiver claimed to have only become aware of the sale on or around March 2018.

An obtained Transfer Report revealed Scoville sold both the flat and parking space to someone named John Jarvis Hitchen for £280,000.

Upon learning of the sale, naturally the Receiver reached out to Scoville for an explanation.

On March 12, 2018, the Receiver, through her counsel, demanded that Scoville immediately provide an accounting of the sale and the Proceeds, and to turnover the Proceeds.

Having received no response to her counsel’s March 12th email, on March 14, 2018, the Receiver called Scoville’s counsel and orally informed him that Scoville had sold the Property.

After this call, the Receiver sent counsel another demand email.

As of March 16th, neither Scoville or his attorney had explained why Scoville had sold off Receivership assets.

The Receiver filed two motions on March 16th; one asking for proceeds of the sale to be turned over and the other demanding an explanation from Scoville, lest he be held in contempt.

On March 19th the court passed on order giving Scoville until March 30th to file a response.

Seeking to trace where Scoville stashed the proceeds of the sale, the Receiver subpoenaed Scoville, BBVA Compass Bancshares, Inc., First National Bank, JP Morgan Chase Bank and Wells Fargo Bank on March 20th.

On March 30th Scoville filed his response to the show cause motion.

Despite Scoville being the only person able to transfer the property to another party in the UK, he refuted he had anything to do with the sale.

Because the Receiver has presented no evidence that Mr. Scoville had anything to do with the sale of the property, and because objective evidence shows that he did not sign the document transferring the property and was not even present in the United Kingdom when and where the sale took place, Mr. Scoville should not be held in contempt of this Court’s order.

Scoville failed to provide an explanation as to how a property in the UK held in his name was able to be sold to a third-party if he

🤖 Quick Answer

What property asset was recovered from Charles Scoville's misuse of Traffic Monsoon funds?
A £290,000 flat with parking space in Manchester, United Kingdom, purchased in 2015 using investor funds. The property became part of the Traffic Monsoon Receivership estate, with the Receiver obtaining access keys despite legal limitations in enforcing the Receivership Order through UK Land Registry procedures.

Why did the Receiver face difficulties securing the Manchester property?
UK Land Registry regulations prevented direct enforcement of the Receivership Order against the flat. Despite possessing keys and monitoring capability through her law firm's UK office, the Receiver could not file formal notice of Receivership, limiting legal protection mechanisms for the recovered asset.

What restrictions were imposed on Charles Scoville regarding the Manchester flat?
Scoville was legally prohibited from selling the property. The Receivership Estate retained ownership, with the

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