Thursday, 15 September 2016

Dr. Amin Forati (Traffic Monsoon) and S3 Middle East

On 7th September 2016, The Sun newspaper in England reported a story about
Pascal Jaussi, the boss of Swiss Space Agency, being abducted and almost burnt alive.

So what has this got to do with Traffic Monsoon?
Let me explain.

Charles Scoville, the owner of Traffic Monsoon,  announced in January 2016 that he'd recruited Dr. Amin Forati as his Chief  Financial Officer.

Dr. Amin Forati is the owner of  D&B group, which he set up in 1999.
D&B group includes:
  • Financial Services
  • Consultancy
  • Oil and Gas
  • WW Technology
  • Green Group

The Financial section of the D&B website states:

'D&B financial services we providing the trade finance by issuing the all kind of bank instrument such as letter of credit, letter of guarantee, bank guarantee, Performance guarantee, proof of fund , etc... 

No Financial Collateral Required
Competitive Rates
Deal Closed in 24 Hours*
15 Years Experience & Trust
Global Reach
Personalized Approach'

Their Head Office is in Dubai:
Tel: 00971 4 3132700       
Fax: 00971 4 3132800 Dubai - UAE
Add: level 41,emirates tower,sheikh zayed road,dubai ,united arab emirates 

Charles launched Traffic Monsoon in Dubai on May 22nd  2015.
This is Immy Aslam announcing it:

On October 1st 2015, it was announced that Swiss Space Systems has teamed up with D&B Group to open a subsidiary named 'S3 Middle East'.
'S3 Middle East' is developing a suborbital shuttle for launching small satellites into Arab Space called 'SOAR'.
The company also planned on using the same aircraft to provide 'micro-gravity parabolic' flights for both passengers and researchers. 

On Sunday, 20th December, 2015, S3 announced that these flights were postponed.

Rumours on social media reported financial difficulties with the company being unable to 
pay it's staff salaries.

This was denied by S3 Community Manager Claudia Jaussi:
'It has come to my attention – through the S3 monitoring process of the social network and news – that you have re-posted on the 11th December 2015 a false statement, regarding the financial situation of S3 and its employees, shared initially on twitter by SPAU on the same day.​..'

On January 20th 2016, Charles announced the appointment of Dr. Amin Forati as his Chief Financial Officer:

Announcement:. Charles Scoville 
I would like to extend a warm welcome to Dr. Amin forati as our new CFO (Chief Financial Officer) .It is the president of the group of D&B, *Ambassador of Malta, and has a lot of experience with banking and financial systems. 
Dr. Amin. Forati is very famous for its exceptional character, his integrity and his willingness to help the needy and give everyone an equal chance to grow, regardless of their position. 
Those who have had the chance to work with him knew he was a man who respected his word and held its importance above any contract. 
He was a devoted family man who always applies his family based on concepts of how he managed his own company. 
Dr. Amin. Forati was born in 1969 and earned his MD from the University of Shiraz Medical Sciences in 1995, then the study of the quality management system by SGS and passed all the training and courses traveled to Toronto and continue his studies in management system of quality and became the principal auditor registered in the quality management system (ISO 9000) and recorded in the accounts of lead (OHSAS 18001) and sme and appointed as the manager for qmi in Middle East region. 
This led to his appointment as advisor youngest head of industry in 1998, however, in 1998, he decided to be more hands on the market and worked as a consultant for a financial company. In 1998 he was appointed as Secretary General for the chamber of commerce and become a VIP member of the European Foundation of Arab and directors of the local association of financial and commercial company. 
In 1999, he created the group & B with headquarters in the United Arab Emirates was a bold move, since they were troubled times, when the market was monopolized by companies managed internationally. Yet he managed to become one of the largest Financial and commercial group in the world. 
In 2007 he received his PhD in Economics honored and college business management system of Oxford for Higher Education and doctoral studies and high education committee with reference number 11116776 and b was appointed economic advisor for the oil companies. She quickly multiplied its profits and became known on the international scene. 
He was appointed in 2008 as a senior consultant for the eabaff development program), EU-Arab States Economic and Groupement D'European interest in Arab affairs and scholarships of the foundation with the International registration number eu356563.'

(*   Amin Forati was expelled from I.O.D.R.International Organization for Diplomatic Relations because of his statement that he was a Malta Ambassador and because of his ambiguous business financial activities.)

On June 25th 2016, Charles put out this announcement regarding Amin Forati:
'What happened to Amin Forati? – There were circumstances which caused doubt to fall upon whether this man was doing the things he said he was going to do for the company. It’s now spread throughout forums that he is not a Maltese Ambassador any longer. He was dismissed and is currently being investigated for fraud. Amin Forati was let go without pay.'

Which means, that for approx FIVE months, as Financial officer, Amin Forati had access to millions and millions of dollars of Traffic Monsoon funds.

This is an extract from the SEC court filed papers:
'Since inception, defendants have taken in from investors approximately $207 million in sales of a product called the “Banner AdPack” (“AdPack”). Over 162,000 investors throughout the world have invested in AdPacks. As of the beginning of 2016, Traffic Monsoon was taking in approximately $25 million in cash each month.

So what did Amin do with access to all this money?

Traffic Monsoon's  court injunction hearing has now been postponed until November 1st. 

Lets hope we get some answers to that question then.

1 comment:

  1. Well done Tara for bringing all this info to us. Wish I could beleive i will get my money back


Please do not post links or email addresses on your comment.