Pyramid investment scheme worth £160 MILLION shut down after taking money from 162,000 people
News Desk: Get-rich-quick scheme Traffic Monsoon stinks to high hell, one worried investor told me when I reported on it in January.
That verdict seems to have been confirmed now that it’s been shut down after taking around £160million from 162,000 people worldwide – many in the UK.
The man behind Traffic Monsoon is Charles Scoville, an American “entrepreneur” with a history of similar schemes.
Before running my article in January, I gave him the chance to respond to criticisms, the most obvious being that it was a pyramid or Ponzi scheme.
I put a simple question to him: What is Traffic Monsoon’s main source of revenue?
Scoville never replied, but elsewhere has claimed that members make money by buying “AdPacks”, which earn revenue from online advertising.
But now we know the true answer t...