Traffic Monsoon has had a $145 million Final Judgment entered against it.

I’m a little bit lost on the procedural side of things, as the Final Judgment follows a $2.5 million Jan 2021 default judgment order.

The
Jan 2021 default judgment
included Charles Scoville, leaving him jointly liable for $4.96 million (disgorgement and a civil penalty).

The February 4th Final Judgment only applies to Traffic Monsoon.

As per the judgement, Traffic Monsoon is up for $109.7 million in disgorgement and $35.9 million in prejudgment interest.

This amount

shall be deemed satisfied by the collection efforts to date and the future distribution of funds to allowed claims of investors by the Court-Appointed Receiver.

The court notes that the judgment against Traffic Monsoon

does not apply to or in any way alter Defendant Charles Scoville’s independent obligation to disgorge funds pursuant to the Final Judgment entered against him.

Traffic Monsoon’s Final Judgment brings a close to the SEC’s case. The Receivership will continue, working towards distributing recovered funds to victims with a valid claim.

I’m not expecting any significant updates but will continue to cover the Receiver’s clawback efforts and periodic reports (when there’s anything significant to report on).

As at May 2021, $36.3 million in victim claims had been
approved
.

🤖 Quick Answer

What was the total amount of the final judgment against Traffic Monsoon?
Traffic Monsoon faced a $145 million final judgment entered by the SEC. This comprised $109.7 million in disgorgement and $35.9 million in prejudgment interest. The judgment represents the culmination of legal proceedings against the company for securities violations.

How does this final judgment relate to the previous 2021 default judgment?
The February 2021 default judgment totaled $2.5 million and included defendant Charles Scoville, who was held jointly liable for $4.96 million in disgorgement and civil penalties. The subsequent final judgment specifically applied only to Traffic Monsoon itself, representing an escalation in the total liability.

How will Traffic Monsoon satisfy the $145 million judgment?
According to court findings, the judgment amount shall be satisfied through collection efforts completed to date and

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