The Traffic Monsoon Receiver has announced she’s stopped pursuing the sale of Charles Scoville’s UK flat.

Scoville (right) purchased the Manchester flat during Traffic Monsoon’s run. He paid £290,000 in cash, made up of stolen investor funds.

As per
the injunction putting the Receiver in charge of Traffic Monsoon
, the Manchester flat was property of the Receivership.

The problem was when the Receiver set out to claim the flat, she discovered it’d been sold in 2019 for £280,000.

Charles Scoville signed off on the sale but at the time was sitting in a prison cell in the US. This prompted the Receiver to launch an investigation to identify the recipient of the £280,000.

That rabbit-hole led to a
Hague Convention motion
, seeking assistance from a UK Senior Court.

Pursuant to that motion, the Receiver was eventually given
‘information about who received those funds.’

Since May the Receiver has been evaluating how to proceed.

In a December 6th Status Report, the Receiver provided a conclusion to the saga;

After analyzing the amount of funds received by the respective parties and consulting with her counsel in the United Kingdom concerning litigation options and future related expenses, and after employing a cost-benefit analysis, the Receiver has determined that pursuing the monies related to the Manchester Flat further will not result in a net benefit to the Receivership Estate.

Who received the £280,000 has never been publicly disclosed.

Unofficially the
lead suspect
is UK citizen and top Traffic Monsoon net-winner, Imtiaz “Immy” Aslam.

After Scoville, Aslam (right) was the primary beneficiary of the Traffic Monsoon Ponzi scheme. He pocketed just over $5 million.

The two were close, with Scoville once referring to Aslam as “his brother”.

During Traffic Monsoon’s run Aslam resided in Manchester. His current whereabouts are unknown.

The Receiver
initiated clawback proceedings against Imtiaz
in April 2019. As of December 2021, proceedings are ongoing.

🤖 Quick Answer

What action did the Traffic Monsoon Receiver take regarding Charles Scoville's Manchester apartment?
The Receiver announced she discontinued efforts to pursue the sale of Scoville's UK flat. Initially, the Receiver attempted to claim the property as part of the Receivership, but discovered it had already been sold in 2019 for £280,000 while Scoville was imprisoned in the United States.

Why did the Receiver initiate a Hague Convention motion?
After discovering the Manchester flat had been sold in 2019, the Receiver launched an investigation to identify the recipient of the £280,000 proceeds. The Hague Convention motion sought assistance from a UK Senior Court to trace the funds and establish the property's rightful ownership status.

🔗 Related Articles

- Charles Scoville’s wire and tax fraud indictment dismissed
- Traffic Monsoon claims tied to SCOTUS writ, clawbacks authorized
- Naive or calculated cunning? The witness testimony of Charles Scoville.
- PayPal sued for facilitating Traffic Monsoon Ponzi fraud
- Traffic Monsoon Receiver granted flat sale assistance motion