Traffic Monsoon and Charles Scoville are alleged to have operated a fraudulent scam that affected over 160,000 members/investors in Traffic Monsoon throughout the world. Last July, the Securities and Exchange Commission filed a complaint against Traffic Monsoon that alleges that Traffic Monsoon raised over $200 million through the pyramid-like scam.
The federal court appointed a receiver and the case remains pending.
Peiffer Wolf Carr & Kane Investor Right Lawyers File Lawsuit on Behalf of Certain Traffic Monsoon Investors
Traffic Monsoon members/investors from around the world have contacted Peiffer Wolf Carr & Kane attorneys. On May 4, 2017, Peiffer Wolf Carr & Kane attorneys filed an action in federal court in California against PayPal, Inc. and PayPal Holdings on behalf of certain Traffic Monsoon investors.
This lawsuit seeks to recover damages that would supplement any amounts that may be recovered by the receiver in the SEC action against Traffic Monsoon and Charles Scoville.
Traffic Monsoon Investigation by the Peiffer Wolf Carr & Kane Securities Lawyers Continues
The Peiffer Wolf Carr & Kane lawyers often represent investors who lose money as a result of alleged fraudulent investment schemes and are currently investigating the alleged fraudulent scheme conducted by Traffic Monsoon and Charles Scoville. The law firm takes most cases of this type on a contingency fee basis and advances the case costs. The firm only gets paid for fees and costs out of money the firm recovers for clients.
Investors who believe they lost money as a result of Traffic Monsoon’s alleged investment fraud scheme are encouraged to contact James Booker or Lydia Floyd in the Cleveland office of Peiffer Wolf Carr & Kane, for a free no-obligation evaluation of their recovery options, at 216-589-9280 or [email protected].