Tag: Agri-Fintech Holdings

Nigerian Fintech Ex-CEO Dozy Mmobuosi Fined $32 Million in SEC Fraud Case!

Court Cases Charlene Lensburg - August 30, 2024

Nigerian businessman Dozy Mmobuosi, the former CEO of Tingo Group, has been fined nearly $32 million by a New York federal judge in connection with a U.S. Securities and Exchange Commission (SEC) fraud lawsuit. Mmobuosi and his companies were accused of inflating the financial performance of his companies, including fabricating financial statements and misrepresenting assets. Mmobuosi did not defend against the SEC allegations.

U.S. SEC And DOJ Filed Fraud Charges Against Nigerian FinTech CEO After Short-Seller Report!

Court Cases tamir - January 4, 2024

Damian Williams, the U.S. Attorney for the Southern District of New York, and James Smith, the Assistant Director in Charge of the New York Field Office of the FBI, have unveiled an Indictment charging Odogwu Banye Mmobuosi, also known as Dozy Mmobuosi, with securities fraud, making false filings with the U.S. SEC, and conspiracy charges. Mmobuosi is still at large.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.