Charges against Dozy Mmobuosi and all three of Tingo’s subsidiaries include insider trading, lying to auditors, and neglecting to declare the sale of millions of common shares for which he was the ultimate beneficial owner, among other offenses against internal controls.
One month after the SEC formally opened an inquiry into Tingo Group, the accusations were announced. Additionally, the government halted trade in the agritech company’s shares.
“Mmobuosi made and caused the entities to make material misrepresentations about their business operations and financial success in press releases, periodic SEC filings.” Part of the SEC’s filing said. READ MORE
