Scoville’s new business to use bitcoin and be “outside the USA”

Charles Scoville is building his next scheme while fighting a federal case over his last one.

The man behind the Traffic Monsoon Ponzi operation is currently under a preliminary injunction barring him from running securities fraud or launching anything that looks like another ad credit scam. But that hasn't stopped him. About a month ago, Scoville announced plans for a new business venture. He expects to launch within two months.

The details are vague by design. Scoville says the business will operate in a legitimate industry with millions of global customers and offer services cheaper than competitors. There's no purchase requirement to earn money, he claims. Affiliates can make commissions from referred members who don't buy anything. They can also earn from completing tasks.

Except Scoville has already hinted at blending the new operation with Traffic Monsoon if that case goes his way. "In the event TM wins, this business and TM can be combined together," he stated.

The red flags pile up from there.

Scoville plans to accept bitcoin for payments and earnings. More tellingly, he's making clear the business will operate outside the United States. His reasoning is transparent: to avoid government involvement he believes shouldn't happen. "Definitely will be outside the USA to avoid gov trying to take hold of something they shouldn't have gotten involved with," he wrote.

A legitimate businessman operating a legitimate business has no reason to flee the country. The offshore location, bitcoin payments, and deliberate avoidance of U.S. regulation suggest Scoville is building something designed to evade the SEC entirely.

The preliminary injunction also froze Scoville's assets—millions made from Traffic Monsoon. Yet somehow he's funding a new venture. When asked where the money comes from, Scoville stayed noncommittal, only mentioning "fantastic relationships" he'd developed.

Traffic Monsoon affiliates are already asking questions about the new business. Scoville insists it's "not the same as TM," but his own statements undercut that claim. The structure mirrors the old scheme: earn from sales, earn from recruits, and now earn by holding cryptocurrency in a jurisdiction beyond federal reach.

The SEC's case against Traffic Monsoon remains unresolved. A judge found the SEC likely to win at trial when granting the preliminary injunction, but Scoville appealed. That decision could take months.

In the meantime, Scoville appears to be laying groundwork for the next operation. He's counting on the legal system moving slowly, on overseas operations staying opaque, and on his existing network of affiliates to follow him into whatever comes next.

🤖 Quick Answer

Who is Charles Scoville and what is his legal situation?

What business model is Scoville planning to launch?
Scoville announced a new venture expected to launch within two months. The business targets a legitimate industry with global customers, offering cheaper services. The model emphasizes affiliate commissions from referred members without purchase requirements and earnings from task completion.

How does Scoville plan to operate outside regulatory oversight?
Scoville indicates his new business will operate "outside the USA" and incorporate cryptocurrency, specifically Bitcoin. This geographical strategy appears designed to circumvent the preliminary injunction and existing regulatory frameworks governing his previous operations.

🔗 Related Articles

- Charles Scoville fancies himself as the next Mark Cuban
- Scoville loses control of Traffic Monsoon, Receiver appointed
- Akashx: My Daily Choice’s “social trading” securities fraud
- Massachusetts charge TelexFree as “billion dollar Ponzi”
- Traffic Monsoon Receiver granted flat sale assistance motion