The Traffic Monsoon Receiver has filed five new motions for default judgment.
Traffic Monsoon net-winners targeted in the motions are Sharon James, Adil Khan, Limited By Invitation (company), Javediqbal Naeem and Mohammed Yasin.
Amounts sought through default judgment are close to the amounts quoted in the original clawback complaint.
Sharon James for example was initially sued for $249,758. James’ default judgment amount is $301,531.74 plus prejudgment interest.
For reference, here are the amounts the other four defendants stole:
- Adil Khan from the UK – invested $12,272 and withdrew $328,663
- Limited By Invitation (a UK limited partnership) – invested $8588 and withdrew $260,519
- Javediqbal Naeem from the UK – invested $67,793 and withdrew $355,332
- Mohammed Yasin from the UK – invested $9,850 and withdrew $349,529
All five defendants are based out of the UK.
The motions for default judgment have been filed owing to none of the defendants responding to the case.
Sharon James, again for example, was
properly served with the Complaint and summons at her residence in Wigan, England.
James did not appear, answer, or otherwise respond to the Complaint and summons within the time allowed.
An entry of default was recorded against James on February 4th.
As with the other Traffic Monsoon judgments, we’re not anticipating any hiccups in securing default judgment.
A decision on the Receiver’s five motions remains pending.