Traffic Monsoon preliminary injunction hearing rescheduled for 23 Sep

Earlier today a joint stipulation was filed by the SEC and Charles Scoville, requesting the upcoming August 5th preliminary injunction hearing be rescheduled.

The parties also requested the current TRO in place be extended until the rescheduled hearing.

An order passed a few hours after the filing granted the request, with the preliminary injunction rescheduled until September 23rd.

The TRO has also been extended till then. The Receiver
remains in control
of Traffic Monsoon and Charles Scoville’s assets as ordered on the 27th.

No reason for the request for a reschedule is provided in the joint-filing. Of note is Scoville personally signed the joint-filing, suggesting he has yet to acquire legal representation in the matter.

In an Facebook post published less than an hour ago, Scoville has given his version of events:

I’ve had a very positive and constructive conversation with the SEC today, and they explained to me they have every intention to work out resolution with me without having to go through litigation.

They said this is their experience almost all the time. They’ve moved the hearing until 23 Sept 2016 to give us plenty of time to work out settlement resolution.

I stressed with them my priority at this point is to make sure that the people who have purchased the adpacks get the money that’s owed to them.

They told me that we’ll sort out the plan for accomplishing that, and I’ll work with the receiver to make sure everyone gets paid what is due through the resolution as quickly as possible.

I outlined a plan for determining amounts to be paid. I told them that speed in getting this done is important, and to place urgency in carrying out this step.

I know people want to get paid as soon as possible, so I even suggested a plan I believe this could be carried out nearly immediately.

The next step is making sure the business can move forward from here without a revenue sharing position, still providing quality services, and still create a way for people to earn money by surfing ads.

There are naturally a few problems with Scoville’s post.

First and foremost is that if a settlement agreement is reached between now and September, Traffic Monsoon 
will not
restart in any way shape or form.

MLM underbelly scammers are facing criminal trials for much less over the past year (see
Troy Barnes
and his
$3.6 million Ponzi
and
Daniel Filho
and his
$22.8 million Ponzi
).

Given Traffic Monsoon is a
$207 million dollar Ponzi scheme
, that Scoville will face criminal charges at some point is almost certain.

That said, the SEC have filed a 
civil
lawsuit, they can’t bring about criminal charges. 
Criminal charges against Scoville will likely only be made public following an arrest abroad or when he returns to the US.

Regarding money owed to Traffic Monsoon investors, what has been recovered and is still to be recovered will eventually be distributed out to Traffic Monsoon’s victims.

Currently Traffic Monsoon and Charles Scoville

🤖 Quick Answer

What happened to the Traffic Monsoon preliminary injunction hearing scheduled for August 5th?

Why was the hearing rescheduled?
The joint filing by the SEC and Scoville did not provide specific reasons for the reschedule request. Notably, Scoville personally signed the filing, indicating he had not yet retained legal representation in the case.

What is the current status of Traffic Monsoon's assets?
A court-appointed Receiver maintains control of Traffic Monsoon and Charles Scoville's assets, as ordered on July 27th, pending the September 23rd preliminary inj

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