Defendant Name:
Tingo Group, Inc.
Defendant Type:
Public Company
Document Reference:
2023-254
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 Obtains Emergency Relief; Businessman and his three companies engaged in a scheme to inflate revenues, profits, and cash balances by hundreds of millions of dollars
Document Date
19-Dec-2023
Document Format
Civil Proceeding
Case Number
23-cv-10928
Federal District Court
New York, Southern District of New York
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 19, 2023, the SEC " announced that it obtained a
temporary asset freeze, restraining order, and other emergency relief against Mmobuosi Odogwu Banye a/k/a
Dozy Mmobuosi and three affiliated U.S. based entities of which he is the CEO in connection with an alleged multi-year scheme to inflate the financial performance metrics of his companies and key operating subsidiaries to
defraud investors worldwide."
Other Defendants in Action:
