Tingo Group

Tingo Group, Inc.
Formerly	Tingo Inc.
Company type	Public
Traded as	OTCMKTS: TIOG
Industry	Finance; Agriculture; Food;
Founder	Dozy Mmobuosi
Key people	Chris Cleverly (president); Dozy Mmobuosi (former co-CEO); Kenneth Denos (co-CEO);

Tingo Group, Inc. (formerly Tingo Inc.) is a publicly traded fintech and agri-fintech conglomerate initially established in Nigeria and now with operations across Africa, Southeast Asia, and the Middle East.^[1]^[2]

In November 2023, the US Securities and Exchange Commission (SEC) suspended dealings in Tingo shares, and, in December 2023, filed charges against founder Dozy Mmobuosi and three US-based entities: Tingo Group Inc, Agri-Fintech Holdings Inc and Tingo International Holdings Inc, alleging fraudulent financial claims to defraud investors.^[3]^[4] On 2 January 2024, Mmobuosi was charged with securities fraud, making false filings with the SEC, and conspiracy charges.

^ Parkin, Darren (2023-02-27). "Tingo and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs". CityAM. Archived from the original on 2023-05-07. Retrieved 2023-05-07.
^ "US-Based Company, Tingo Group Debunks Investigation Report On 'Billionaire' Founder, Dozy Mmobuosi's Alleged Fraud | Sahara Reporters". saharareporters.com. Archived from the original on 2023-06-09. Retrieved 2023-09-17.
^ "U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25913". SEC.gov. U.S. SECURITIES AND EXCHANGE. Archived from the original on 30 December 2023. Retrieved 30 December 2023.
^ Adeoye, Aanu; Quinio, Adila; Aliaj, Ortenca (24 December 2023). "'A fiction': the fall of a fintech star accused of 'massive fraud'". Financial Times. Archived from the original on 29 December 2023. Retrieved 31 December 2023.

[1] Parkin, Darren (2023-02-27). "Tingo and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs". CityAM. Archived from the original on 2023-05-07. Retrieved 2023-05-07.

[2] "US-Based Company, Tingo Group Debunks Investigation Report On 'Billionaire' Founder, Dozy Mmobuosi's Alleged Fraud | Sahara Reporters". saharareporters.com. Archived from the original on 2023-06-09. Retrieved 2023-09-17.

[SEC_allegation-3] "U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25913". SEC.gov. U.S. SECURITIES AND EXCHANGE. Archived from the original on 30 December 2023. Retrieved 30 December 2023.

[FT-24Dec2023-4] Adeoye, Aanu; Quinio, Adila; Aliaj, Ortenca (24 December 2023). "'A fiction': the fall of a fintech star accused of 'massive fraud'". Financial Times. Archived from the original on 29 December 2023. Retrieved 31 December 2023.

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