Charles Scoville CEO
Many of you have not read the full deposition. If you did you would come to a question asked of me about an amount of money removed from my Traffic Monsoon account totaling around $80 million. The SEC wanted to know why I would remove this amount from my account. The SEC was so confused WHY. I told them this was too much money for me. I didn't need that. So I chose to put it in queue for sharing to members, and through time the amount of money I had earned as a personal income from Traffic Monsoon was shared with members instead. I also had my programmer reduce my personal income and place more of it automatically into being shared with members so I wouldn't have to remove it as often.
The SEC's report does not report how much money I had donated to charities. The SEC's report does not report on how much FREE members had withdrawn from clicking on cashlinks and referral commissions.
The SEC's report also does not report the fact that Traffic Monsoon is more than capable of meeting commitments to its members.
The SEC's report also does not indicate that millions had already been sent to Payza from my personal account AND HAD BEEN paid out to members. $150,000 per day combined between personal and business account had been sent to Payza Monday-Friday for quite some time. $100,000 from personal and $50,000 from the business account. Having company funds moved over to my personal account to be moved to Payza was quite typical, because I could move more from my personal account because of the account type than the business account type allowed.
Interestingly enough, the SEC's report DOES recognize that Traffic Monsoon website was not selling any investments, and also none of the promotional tools provided by Traffic Monsoon contained anything about investing. The purchase page displays the service a buyer would receive, and also clearly indicates the purchase is not an investment. They also recognize that through the site there is no income guarantees, no refunds, and customer's agreement that their purchase of advertising service is NOT an investment. So why in their report are they calling customers investors?
Many of you have not read the full deposition. If you did you would come to a question asked of me about an amount of money removed from my Traffic Monsoon account totaling around $80 million. The SEC wanted to know why I would remove this amount from my account. The SEC was so confused WHY. I told them this was too much money for me. I didn't need that. So I chose to put it in queue for sharing to members, and through time the amount of money I had earned as a personal income from Traffic Monsoon was shared with members instead. I also had my programmer reduce my personal income and place more of it automatically into being shared with members so I wouldn't have to remove it as often.
The SEC's report does not report how much money I had donated to charities. The SEC's report does not report on how much FREE members had withdrawn from clicking on cashlinks and referral commissions.
The SEC's report also does not report the fact that Traffic Monsoon is more than capable of meeting commitments to its members.
The SEC's report also does not indicate that millions had already been sent to Payza from my personal account AND HAD BEEN paid out to members. $150,000 per day combined between personal and business account had been sent to Payza Monday-Friday for quite some time. $100,000 from personal and $50,000 from the business account. Having company funds moved over to my personal account to be moved to Payza was quite typical, because I could move more from my personal account because of the account type than the business account type allowed.
Interestingly enough, the SEC's report DOES recognize that Traffic Monsoon website was not selling any investments, and also none of the promotional tools provided by Traffic Monsoon contained anything about investing. The purchase page displays the service a buyer would receive, and also clearly indicates the purchase is not an investment. They also recognize that through the site there is no income guarantees, no refunds, and customer's agreement that their purchase of advertising service is NOT an investment. So why in their report are they calling customers investors?