Articles Tagged with Unsuitability Loss Attorneys

Did Your Broker Unsuitably Recommend Tingo Stock?

SEC Charges Founder And Affiliates With Massive Scam

Shepherd Smith Edwards and Kantas (investorlawyers.com) is speaking to investors of Tingo Group (TIO), Tingo International Holdings, and Agri-Fintech Holdings, as well as Nigerian operating subsidiaries Tingo Mobile Limited and Tingo Foods. The company’s CEO Mmobuosi Odogwu Banye (also known as Dozy Mmobuosi) and his US affiliates are being charged by the US Securities and Exchange Commission (SEC) in connection with an alleged multi-year scam that may have defrauded investors of hundreds of millions of dollars. The US entities are believed to have made billions of dollars in false transactions through the Nigerian subsidiaries. The regulator contends that Mmobuosi allegedly tried to sell Tingo Mobile to public companies by using valuations that were grossly inflated by over $1B.