🚨 Tingo Co-CEO Dozy Temporarily Steps Down Amid SEC Fraud Charges 🚨

🚨 Tingo Co-CEO Dozy Temporarily Steps Down Amid SEC Fraud Charges 🚨

#finance
#finance
#AgriTech
#legal
Amidst fraud charges filed by the US SEC, Odogwu 'Dozy' Mmobuosi, co-CEO of Tingo, the African agritech startup, has taken a temporary leave. The move follows allegations of a multi-year scheme to inflate financial metrics and siphon funds for personal gains, including luxury purchases and a Premier League team acquisition attempt.

In response to SEC fraud charges, Tingo's co-CEO Dozy Mmobuosi steps down temporarily, agreeing with the Board of Directors. The SEC alleges a multi-year scheme to inflate financial metrics and personal fund misappropriation. Ken Denos will serve as interim group CEO. Tingo vows to vigorously defend against the SEC complaint and continues growth plans despite trading suspension. Investigations continue, with a temporary restraining order issued to freeze Mmobuosi's assets.


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