Traffic Monsoon Is A Ponzi Scheme SEC Acts
Back in July of 2015 I reported the following about Traffic Monsoon and Charles Scoville:
In my opinion, Traffic Monsoon is running a Ponzi scheme. They are using new money from advertisers to pay previous advertisers. With near worthless traffic, there is little or no reason for someone to buy Traffic Monsoon ads unless they want to be part of the revenue sharing program. Traffic Monsoon is operated by a serial scammer that consistently has problems with his payment processors. Avoid the Traffic Monsoon scam.
The SEC has now stepped in and has asked for a temporary restraining order against the company. They claim it is a Ponzi scheme that took in $207 million from more than 160,000 investors around the worldhttp://ethanvanderbuilt.com/2016/07/27/traffic-monsoon-is-a-ponzi-scheme-sec/