![Fraud: US SEC fines Tingo founder, Dozy Mmobuosi $250m Fraud: US SEC fines Tingo founder, Dozy Mmobuosi $250m](https://histoky.com/wp-content/uploads/2024/09/fraud-us-sec-fines-tingo-founder-dozy-mmobuosi-250m-600x375.jpg)
Fraud: US SEC fines Tingo founder, Dozy Mmobuosi $250m
The US government has ordered Mr Dozy Mmobuosi, the CEO of Tingo Group, to pay a fine of over $250 million, months after he was officially charged with securities fraud in New York. First charged in December 2023, he was accused of orchestrating a massive scheme to inflate the company’s finances as well as artificially…