Defendant Name:
Tingo Group, Inc.
Defendant Type:
Public Company
Document Reference:
LR-25913
Document Details
Legal Case Name
SEC v. Mmobuosi Odogwu Banye (a/k/a Dozy Mmobuosi), Tingo Group, Inc., Agri-Fintech Holdings, Inc. (f/k/a Tingo Inc.), and Tingo International Holdings, Inc.
Document Name
SEC Charges Tingo Mobile Founder, Three Companies with Massive Fraud and Seeks Emergency Relief
Document Date
18-Dec-2023
Document Format
Civil Proceeding
Case Number
23-cv-10928
Federal District Court
New York, Southern District of New York
AAER
4478
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 18, 2023, the SEC " announced charges against Mmobuosi Odogwu Banye a/k/a Dozy
Mmobuosi and three affiliated U.S.-based entities of which he is the CEO–Tingo Group Inc., Agri-Fintech Holdings Inc.,
and Tingo International Holdings Inc.–in connection with an alleged multi-year scheme to inflate the financial performance
metrics of these companies and key operating subsidiaries to defraud investors worldwide. The SEC is seeking
emergency relief to prevent Defendants’ continued dissemination of materially false information to investors and to protect
corporate and investor assets."
Other Defendants in Action: