Traffic Monsoon and Charles Scoville were sued by the Securities and Exchange Commission in July 2016. Traffic Monsoon and Scoville are alleged to have operated a fraudulent scheme that raised over $200 million from over 160,000 members/investors worldwide. A receiver has been appointed in that action.Traffic Monsoon Members Represented by Peiffer Rosca Wolf Lawyers File a New Action to Seek Compensation for Their Losses
Peiffer Rosca Wolf lawyers recently filed a lawsuit in federal court in California on behalf of certain Traffic Monsoon investors against PayPal, Inc. and PayPal Holdings, Inc. This new action seeks to supplement amounts that the Receiver may be able to recover from Traffic Monsoon and Scoville in the Securities and Exchange Commission action.
The Peiffer Rosca Wolf lawyers are not affiliated with the Receiver and their lawsuit is unrelated to the receivership.Peiffer Rosca Wolf Lawyers Seek to Recover Damages for Traffic Monsoon Investors
Peiffer Rosca Wolf lawyers often represent investors who lose money as a result of alleged fraudulent investment schemes and have been 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.