Consumer Alert: Securities Fraud Attorney Adam S. Tracy Launches Investigation Into Traffic Monsoon Ponzi Scheme

    WHEATON, IL, September 12, 2016 /24-7PressRelease/ -- Securities attorney Adam S. Tracy and the investor rights attorneys of the Securities Compliance Group announced today that it has launched an investigation into the Traffic Monsoon ponzi scheme. On the heels of the filing of an enforcement lawsuit by the Securities and Exchange Commission, Tracy and his associate attorneys are seeking consultations with consumers who have suffered monetary losses as a result of alleged misrepresentations, fraud and theft by Traffic Monsoon and its founders. The SEC most recently announced litigation against Traffic Monsoon, LLC and Charles Scoville, the companies executive officer, and froze the company's assets - which may have impacted thousand's of consumers.

"While it seems impossible, the $200 million Traffic Monsoon ponzi scheme was orchestrated largely by one person, working out of his home," stated attorney Adam S. Tracy, the firm's founding partner. "Our investigation into the alleged fraud suggests that there are literally thousands of innocent Traffic Monsson victims who had assumed they were entering into a legitimate advertising revenue share program" he continued. Attorney Adam Tracy represents consumers, investors and funds globally who have been the victims of investment fraud.

"The last thing an aggrieved consumer should believe is that they have no right of recourse against unscrupulous advisors." In many instances, the SEC or other enforcement agency will take control of the remaining assets of the ponzi scheme in order to distribute the funds to the losing investors. If you have lost money through your involvement in Traffic Monsoon or similar ponzi schemes, you are encouraged to call attorney Adam S. Tracy and the Securities Compliance Group for your free, no-obligation consultation.

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Securities Compliance Group, Ltd. is a leading provider of corporate, corporate finance and securities legal services, SEC-registered transfer agency, litigation, compliance and consulting services to micro, small to mid-sized private and public entities, their management, and shareholders. Our team is comprised of skilled, experienced attorneys, capital markets consultants and investor relations professionals. Representing hundreds of pre-public, NASDAQ, OTC, Pink Sheet, and foreign-listed companies, Securities Compliance Group offers cost-effective compliance and legal solutions to its clients.

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