Go to https://ground.news/patrickboyle to stay fully informed. Subscribe through my link this month for 40% off unlimited access.
Dozy Mmobuosi, the founder and CEO of Tingo Mobile has been accused by US Regulators of running a “staggering fraud.”
Tingo Mobile claimed to provide mobile phones to rural farmers in Nigeria and build a fintech super app. It quickly grew into a multibillion-dollar empire with a listing on New York’s Nasdaq stock exchange.
Dr Dozy, the London-based tycoon attempted to buy the Premier League football team Sheffield United but struggled to prove his financial resources.
It turns out that Mmobuosi’s businesses, as they were commonly understood, may never have existed.
The SEC has accused the Nigerian businessman Mmobuosi Odogwu Banye – of perpetrating an ongoing fraud of “staggering” proportions.
SEC Case against Dozy Mmobuosi, et al: https://www.sec.gov/litigation/litreleases/lr-25913
Hindenburg Report on Tingo Group: https://hindenburgresearch.com/tingo/
Patrick’s Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle
Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve
Join this channel to support making this content:
https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join
