CLEVELAND, May 8, 2017 /PRNewswire/ -- Traffic Monsoon investors represented by the investor right lawyers at Peiffer Rosca Wolf filed suit against California's PayPal Holdings, Inc. on Thursday, May 4, 2017, seeking compensation for the losses they suffered as a result of their investment in the Traffic Monsoon alleged Ponzi scheme.
Charles Scoville-organized Traffic Monsoon marketed Internet "AdPacks" to investors and assured them that the AdPacks were part of a "pay-to-click" program, and not investments. In reality, as alleged by the Securities and Exchange Commission in its 2016 lawsuit, Traffic Monsoon was a Ponzi-like scheme that redirected some of the money into its organizers' pockets and pushed new AdPack investors' money to earlier investors to keep all investors unaware of the alleged scam at the heart of the venture.
The lawsuit filed by the Peiffer Rosca Wolf attorneys Alan Rosca, Lydia Floyd and Adam Wolf, which seeks compensation for the losses suffered by certain Traffic Monsoon investors, focuses on PayPal's role as payment processor for Traffic Monsoon.
The Peiffer Rosca Wolf lawyers are continuing to receive inquiries from numerous Traffic Monsoon investors around the world.
If you purchased Traffic Monsoon AdPacks between September, 2014 and February, 2016, inclusive, you may contact attorneys James Booker, Alan Rosca or Lydia Floyd at 888-998-0520, or via email at [email protected] for a free evaluation of your potential options regarding your Traffic Monsoon investment. For more information about the Peiffer Rosca Wolf law firm visit www.securitieslitigators.com. For more information about the Traffic Monsoon case maintained by the Peiffer Rosca Wolf law firm visit www.trafficmonsoonlawsuit.com.
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Contact: James Booker, 1-216-589-9280, [email protected]
SOURCE Peiffer Rosca Wolf