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By Ben Glickman Tingo Group interim co-Chief Executive Officer Dozy Mmobuosi is temporarily stepping down from the company after being named in a complaint...
Tingo Group said on Wednesday that Nigerian businessman Dozy Mmobuosi has temporarily stepped down as interim co-CEO of the fintech firm after the U.S. Securities and Exchange Commission filed...
MONTVALE, N.J., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), has today announced that Mr. Dozy Mmobuosi has temporarily stepped down as Interim Co-Chief Executive Officer and Member of the Board of Directors in connection with an order sought by the Securities & Exchange Commission (the “SEC”) to prohibit him from acting as an officer or director of a public company. In addition, by mutual agreement with the Company’s Board of Directors, Mr. Mmobu
The SEC on Monday filed charges against Mmobuosi and three companies of which he is CEO, alleging they inflated the financial performance of the companies and key subsidiaries to defraud investors. Ken Denos will serve as interim co-CEO of Tingo Group until further notice, the company said on Wednesday. Tingo Group's shares slumped in June after short-seller Hindenburg Research criticized its founder and alleged that the fintech firm had "fabricated" its financials.
MONTVALE, N.J., Dec. 20, 2023 -- Tingo Group, Inc. , has today announced that Mr. Dozy Mmobuosi has temporarily stepped down as Interim Co-Chief Executive Officer and Member of the Board of...