The Receiver’s Motion for Approval of Revised Proposed Plan of Distribution, filed at Docket Number 701, seeks approval of: (1) a distribution of funds to holders of allowed claims who have timely submitted the required information to the Distribution Portal (but excluding holders of Allowed Claims whose distribution amount is less than $100.00, which holders will not receive a distribution); and (2) the distribution procedures described in the Motion.

The Distribution Schedule at Exhibit A of the Motion includes a list of the Allowed Claims. If you are an Allowed Claim Holder, you may find your allowed claim and distribution amount by cross-referencing your claim number on the exhibit. The timing of the distributions will be determined later and won’t occur until after the Motion is ordered by the court.

The Motion affords claimants with allowed claims the opportunity to file objections to the Revised Plan.

Holders of Allowed Claims who submitted the required information through the Distribution Portal received a Notice of Receiver’s Motion for Approval of Proposed Plan of Distribution via email and first-class mail to the address in the claim records. The notice includes details about your allowed claim and the proposed distribution, subject to approval by the Court.

If you did not receive the Notice and you do not see your claim number listed in the Distribution Schedule (Exhibit A to the Receiver’s Motion for Approval of Revised Plan of Distribution, Docket #701), that means you do not have an Allowed Claim and will not receive a distribution.

If your claim number is listed in Exhibit A to the Motion, but you did not receive the Notice by email, please check your spam or junk folder. If you still do not see the Notice in your inbox, please contact the Receiver by email at trafficmonsooninquiries@epiqglobal.com.

Holders of Allowed Claims entitled to a distribution will be sent notice regarding the Order via email and First-Class mail.

If you oppose the Motion, you must file an objection with the United States District Court for the District of Utah (the “Court”) by no later than November 17, 2025. Objections may be filed by mailing them to the Court at the following address:

United States District Court,
Orrin G. Hatch Courthouse
Office of the Clerk
351 S West Temple, Room 1.100

With a copy to the Receiver

Greenberg Traurig, LLP
Attn: Michael F. Thomson
222 S Main Street, Suite 1730
Salt Lake City, UT 84101

If you are filing an objection to the Motion, you must mail it so that it will be received by the Court by no later than November 17, 2025. Any late objection may not be considered by the Court. Objections sent to Epiq via email or mail also will not be considered.

The Distribution Schedule at Exhibit A of the Receiver’s Motion for Approval of Revised Proposed Plan of Distribution, filed at Docket Number 701, includes a list of the Allowed Claims. If you are an Allowed Claim Holder, you may find your allowed claim and distribution amount by cross-referencing your claim number on the exhibit. If you are an allowed claim holder you should have received a custom notice of the Motion via email and/or first-class mail that includes your allowed claim amount and proposed distribution amount.

The Receiver has proposed that he shall not be required to make a distribution to the holder of an Allowed Claim if their distribution information was filed late or if such distribution is in an amount less than $100.00 (a “De Minimis” distribution). The Receiver has determined that the administrative and out-of-pocket costs involved in making De Minimis distributions would not be cost-effective.

The Receiver has proposed that he shall not be required to make a distribution to the holder of an Allowed Claim if such distribution is in an amount less than $100.00 (a “De Minimis Claim”). The Receiver has determined that the administrative and out-of-pocket costs involved in making distributions in amounts of less than $100.00 would not be cost-effective. Please note, the Court has not yet ruled on the proposed treatment regarding De Minimis Claims

Distributions will be made via wire transfer pursuant to the wire instructions provided in the Distribution Portal. If no wire information is provided, the Receiver will mail a check via USPS First-Class Mail to the address provided in the Distribution Portal. Such check will be drawn in United States dollars on a United States domestic bank.

No. The Allowed Claim amount disclosed to you in Exhibit A (Distribution Schedule) to the Receiver’s Motion for Approval of Revised Plan of Distribution is final. The opportunity to correct your claim amount has passed.

No. The Allowed Claim amount disclosed to you in Exhibit A (Distribution Schedule) to the Receiver’s Motion for Approval of Revised Plan of Distribution is in US dollars (USD) and is final. The opportunity to correct your claim amount has passed.

If you do not see your claim number listed in Exhibit A (Distribution Schedule) to the Receiver’s Motion for Approval of Revised Plan of Distribution, then you did not submit your required distribution information through the online distribution portal. The Receiver has proposed that holders of allowed claims that did not submit the required information through the online portal by the bar date will not receive a distribution.

Distributions shall be made via wire transfer pursuant to the wire instructions provided in the Distribution Portal. If no wire information is provided, the Receiver will mail a check via USPS First-Class Mail to the address provided in the Distribution Portal. Such check will be drawn in United States dollars on a United States domestic bank.

Holders of Allowed Claims entitled to a distribution can log in to the online Distribution Portal and amend their submission. If you need assistance with amending your information through the portal, please send an email to: trafficmonsooninquiries@epiqglobal.com. In your email message, please include the name you used to file your claim and claim number, if known.

The allowed claim amount and proposed distribution amount disclosed to you is in US Dollars (USD). The funds will be sent in USD to either the bank account you provided in the online Distribution Portal or via a check drawn on a United States bank account payable in USD.

No. Funds will not be distributed until the Court authorizes the Receiver to distribute funds to holders of Allowed Claims.
ANY REPRESENTATION THAT A DISTRIBUTION WILL BE MADE OUTSIDE OF THE RECEIVERSHIP IS FALSE AND SHOULD BE IGNORED. THE RECEIVER WILL CONTACT YOU BY EMAIL WHEN A DISTRIBUTION HAS BEEN APPROVED.
PLEASE CONTACT THE RECEIVER IF YOU ARE ASKED TO PROVIDE INFORMATION TO RECEIVE A DISTRIBUTION. NEVER PAY AN “ACTIVATION FEE” WITH A PROMISE OF A DISTRIBUTION. REQUESTS OF THIS SORT ARE SCAMS.

Holders of Allowed Claims that failed to provide the Required Information through the Distribution Portal by the March 10, 2025 extended deadline may be deemed to have forfeited any distribution to which they would otherwise have been entitled. Please note, the Court has not yet ruled on the proposed treatment of late filed distribution information.

The deadline for providing the required tax and payment information via the online Distribution Portal has passed. The extended deadline was March 10, 2025.

The Receiver received a favorable Private Letter Ruling from the IRS and received advice from his professionals and will not be withholding any taxes with respect to the distributions to be made so long as the claimants have submitted the required tax information via the Distribution Portal.
However, the Receiver makes no representations with respect to individual claimants’ tax liability, and such claimants must seek their own tax advice. The Receiver shall be authorized to take all actions that may be necessary or appropriate to comply with any reporting and record keeping requirements.

If you are a U.S. resident and your distribution amount is $600 or greater, the Receiver plans to send you a 1099-MISC to the mailing address you provided in the Distribution Portal.

Please log in to the distribution portal to amend and resubmit your information.

Log in to the portal https://epiqworkflow.com/cases/TrafficMonsoonDistributionPortal with your email and password and you will be on your Dashboard screen. You should see your completed submission listed with your reference number. Scroll to the right and click on “Amend” in the Actions column.

Once in the form, click on the Next and/or Back buttons at the bottom of the screen to go to the Payment Instructions screen. Make your updates and, using the Next button, continue until you reach the last page and click on the “Submit All Forms” button.

No. If you cannot answer “yes” to all or part of the OFAC certification you will not be able to receive a distribution.

Information concerning the various U.S. sanctions laws, regulations, and Executive Orders is available on the website of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) at https://ofac.treasury.gov.

If your name has changed, please email trafficmonsooninquiries@epiqglobal.com and attach legal documentation evidencing the name change. In the email, please include reference to your claim number, your original name, and your new name. The Receiver will not process name changes without proper documentation.

Log in to the portal https://epiqworkflow.com/cases/TrafficMonsoonDistributionPortal with your email and password and you will be on your Dashboard screen. You should see your completed submission listed with your reference number. Scroll to the right and click on “Amend” in the Actions column.

Once in the form, click on the Next and/or Back buttons at the bottom of the screen to go to the Contact Information screen and the Payment Instructions screen. Make your address updates and, using the Next button, continue until you reach the last page and click on the “Submit All Forms” button.

3. If Claimant is deceased and a new beneficiary has all rights, title and interest in an Allowed Claim, please email trafficmonsooninquiries@epiqglobal.com and attach official documentation evidencing the death of the Claimant (i.e., a death certificate), and documentation evidencing the new party’s beneficial interest in the claim. Acceptable documentation may include death certificates, copies of an order appointing you as a personal representative, etc. In the email, please include reference to the claim number, the deceased Claimant’s name, and the new beneficiary’s name. The Receiver will not process beneficiary changes without proper documentation.

The Distribution Portal URL is: https://epiqworkflow.com/cases/TrafficMonsoonDistributionPortal.

Note that you may log in to the portal to amend a timely filed submission if your address or banking information has changed. However, if you did not file your required information by the extended deadline (March 10, 2025), late file submissions may be disqualified. Note that the court has not yet ruled on the proposed exclusion of allowed claim holders that filed their information late.

If your access attempt fails due to a forgotten password or another reason, you may send an email to TrafficMonsoonInquiries@epiqglobal.com to request assistance. Please include your claim number and name in your email message.

No. Emailed, mailed, or faxed submissions will not be considered. You may send an email to TrafficMonsoonInquiries@epiqglobal.com to request assistance with accessing the online distribution portal amend your timely filed submission.

For the address fields outlined below in red, please provide the address your bank has on file for you. Do not input your bank’s address.

If you have questions about the required bank account information, including what your IBAN number is, please contact your bank or financial advisor.

Please email TrafficMonsoonInquiries@epiqglobal.com and ask for instructions on how to submit a W-9. Please also include your claim name and number in your email.

Yes. If, as a holder of an allowed claim, you do not submit a properly completed tax form (W-9 or W-8, whichever is required for you) then you will not be eligible to receive a distribution.

The portal automatically defaults to a W-8 or W-9 form based on the address you input into the “Claimant Mailing Address & Contact Information” section of the “Contact Information” page. If you enter a non-US country, the portal will direct you to complete a W-8 tax form. If you enter a US mailing address, the portal will direct you to complete a W-9 tax form. Please note: Do not check the box below your address unless you live in the US but need to complete a W-8 form.
US citizens and resident aliens MUST complete the W-9 Tax Form. If you are a US citizen but do not live in the US, please see question #5 above. If you need assistance, please send an email to TrafficMonsoonInquiries@epiqglobal.com Note that if you do not submit a valid W-8 or W-9 form, whichever is required for you, you will not be eligible to receive a distribution.
If you have a US mailing address but need to complete a W-8 Tax form (non-US citizens or non-resident aliens), click the box at the bottom of the page under the “Claimant Mailing Address & Contact Information” section of the Contact Information page, as shown below:

For other questions regarding the tax form section, the Receiver cannot provide tax advice.  For instructions for completing a W-9 form (US citizens) or W-8 form (non-US persons), please visit the IRS website at: www.irs.gov/W9 or www.irs.gov/w8ben You may also consider consulting an attorney or tax professional.

The Foreign tax identification number requested is the number assigned to you by your government or taxing authority for identification purposes..

Any question that is marked with a red asterisk (*) is required and must be completed. You can skip any questions not marked with a red asterisk if you believe it does not apply to you.

A Proof of Claim is a written statement stating the amount you believe you are entitled to be paid from Traffic Monsoon or Charles David Scoville. Proofs of Claim were required to be submitted to the Receiver by no later than April 10, 2020. Proofs of Claim are no longer being accepted in this matter.

Yes. Your Proof of Claim must have been submitted to the Receiver by April 10, 2020. Failure to have submitted a Proof of Claim prior to April 10, 2020 resulted in your claim being barred and disallowed.

You were required to submit a Proof of Claim by April 10, 2020. If you did not file a Proof of Claim by the deadline, any claim you may have asserted is forever barred and disallowed.

Michael F. Thomson was appointed Receiver by the U.S. District Court for the District of Utah when the original Receiver was discharged. Mr. Thomson is an attorney located in Utah. Peggy Hunt, the original Receiver, was discharged pursuant to Docket 552.

A Receiver is the individual who assumes responsibility for all assets in receivership in the action brought by the SEC. They are responsible for investigating how the business was operated and where all of the assets are located. Ultimately, the Receiver will distribute available assets in accordance with a plan approved by the Court.

No. The Receiver is an agent of the Court and is carrying out the Court’s orders.

On July 26, 2016, the Securities and Exchange Commission filed a Complaint in the U.S. District Court for the District of Utah against Traffic Monsoon, LLC, a Utah limited liability company, and Charles David Scoville. The SEC alleged that Traffic Monsoon was operated as a Ponzi scheme and engaged in securities fraud. The Receiver was appointed at that time, pending the Court’s entry of a preliminary injunction. The Receiver promptly took control of all known assets (Order Appointing Receiver and Amended Order Appointing Receiver), which included over $49 million in cash.

Mr. Scoville contested the entry of a preliminary injunction and moved to set the receivership aside. After an evidentiary hearing, the Court declined to set aside the receivership and issued a preliminary injunction, preventing Traffic Monsoon from operating. As part of this decision, the Court held that Traffic Monsoon was likely operated as a Ponzi scheme. The Court has also entered an order staying litigation and freezing Traffic Monsoon’s and certain of Mr. Scoville’s assets. Mr. Scoville appealed, but the Court’s orders have been upheld and there is no further avenue to appeal.

Pursuant to a Court order, Traffic Monsoon is not legally allowed to operate, accounts have been locked, and assets have been frozen.

All assets were frozen. Because the Court held that Traffic Monsoon was likely operated as a Ponzi scheme, you could not claim interest or earnings on amounts you invested. Claims were only allowed in the amount of the cash invested/lost, after taking into consideration any/all of the cash that you may have received.

At the time that the SEC filed its case against Traffic Monsoon and Mr. Scoville, approximately $49 million was held in various accounts. Those accounts were frozen, and the Receiver is holding that money as part of the receivership estate.

The best way to receive updates in this case is through the website established by the Receiver, (www.trafficmonsoonreceivership.com). The website includes updates from the Receiver about events in this case, copies of documents that have been filed with the Court, and information about the claims process. If you have general questions, you can email the Receiver at TrafficMonsoonInquiries@epiqglobal.com.

You certainly have the right to hire or consult with your own lawyer. The Receiver cannot provide you legal advice.

No. As a result of the Court entering a preliminary injunction and finding that Traffic Monsoon was likely operated as a Ponzi scheme, Traffic Monsoon will not operate again. In addition, the Court has ordered Mr. Scoville to no longer engage in a business model similar to Traffic Monsoon.

Criminal charges are not the responsibility of the Receiver. That will be determined by appropriate government authorities.

If you have information related to the investigation, please email TrafficMonsoonInquiries@epiqglobal.com.