After the second hearing in Utah on the 3rd of November, Judge Parrish has extended the Trafficmonsoon TRO until further notice. The Temporary Restraining Order (TRO) includes but is not limited to the following:
- Charles Scoville and Trafficmonsoon are prohibited from soliciting, accepting, or depositing any monies obtained from actual or prospective investors, individuals, customers, companies, and/or entities, through the Internet or other electronic means.
- Scoville and anyone else directly connected to him and Traffic Monsoon have also been ordered to repatriate any and all funds or assets that presently may be located outside of the United States that were obtained directly or indirectly from (Traffic Monsoon) investors. Charles has been given 5 days to do this.
Now this second point does have sweeping consequences. The Trafficmonsoon TRO extends to the following:
** This would included the $3.35 million Charles has hidden away from everyone.
** I’ve also reliably been told that this SHOULD include TrafficHurricane as well, due to the fact it’s database was made from the original Trafficmonsoon database after the SEC had seized the Trafficmonsoon servers.
- These funds are to be deposited into an interest bearing account held with the court. This Court hereby takes exclusive jurisdiction and possession of the assets, of whatever kind and wherever situated, of (Traffic Monsoon and Charles Scoville). Except as otherwise specified herein, all assets of the Defendants (“Defendants’ Assets”) are frozen until further order of this Court, including but not limited to any accounts held at PayPal Holdings, Inc., Payza, Solid Trust Pay, Allied Wallet LTD, and JPMorgan Chase Bank, N.A.
** This is a clear indication that the court does not believe Charles and that they believe there is more money hidden away.
- Then the final part of the Judge’s ruling is to stay all external litigation against Charles Scoville and Trafficmonsoon that the SEC is not involved in or to attempt to recover victim funds currently frozen.
The stay has been ordered until further notice (which will presumably be extended till resolution of the SEC’s preliminary injunction hearing and there’s no indication on the case docket as to when the SEC’s preliminary injunction motion might be ruled on.
I do admit the only surprising part of the whole ruling was the court’s decision to take over the jurisdiction of the case and take it away from the Receiver.