The former CEO of fintech company Tingo Group has been charged with fraud by US prosecutors after he tried to buy English Premier League soccer club Sheffield United. Odogwu Banye Mmobuosi, also known as Dozy, has been charged with securities fraud, making false US Securities and Exchange Commission filings, and conspiracy. Prosecutors claim that Mmobuosi lied about the finances of his companies, Tingo Mobile and Tingo Foods, and misrepresented them as profitable businesses generating hundreds of millions of dollars in revenue. He is also accused of misappropriating cash and selling stock at inflated prices. The alleged scheme took place from 2019 to 2023. Mmobuosi temporarily stepped down as Tingo Group’s co-CEO last month after the SEC filed civil charges against him.
Former fintech CEO charged by US for Sheffield United fraud attempt.
