Sign In  |  Register  |  About Corte Madera  |  Contact Us

Corte Madera, CA
September 01, 2020 10:27am
7-Day Forecast | Traffic
  • Search Hotels in Corte Madera

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

The Law Offices of Frank R. Cruz Announces Investigation of Tingo Group, Inc. (TIO) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Tingo Group, Inc. (“Tingo” or the “Company”) (NASDAQ: TIO) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On June 6, 2023, Hindenburg Research published a report which alleged that Tingo “is an exceptionally obvious scam with completely fabricated financials.” The report stated that Tingo’s founder, “Dozy” Mmobuosi “appears to have fabricated his biographical claim to have developed the first mobile payment app in Nigeria,” amongst other “numerous red flags” with his background. The report further detailed evidence of Tingo as a “fraud,” including websites with nonfunctioning links, fake testimonials, and stock photos, as well as farming cooperatives with supposed contractual relationships with the Company having no knowledge of Tingo, or stating that Tingo “are scammers.”

On this news, Tingo’s stock price fell as much as 80% during intraday trading on June 6, 2023, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Tingo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 CorteMadera.com & California Media Partners, LLC. All rights reserved.