December 18, 2023/US SEC The Securities and Exchange Commission today announced charges against Mmobuosi Odogwu Banye a/k/a Dozy Mmobuosi and three affiliated U.S.-based entities of which he is the CEO–Tingo Group Inc., Agri-Fintech Holdings Inc., and Tingo International Holdings Inc.–in connection with an alleged multi-year scheme to inflate the financial […]
Frauds & Scandals
SEC Obtains Emergency Relief to Halt $191 Million Cattle Ponzi Scheme
December 14, 2023/US SEC The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, the appointment of a receiver, and other emergency relief to halt an ongoing $191 million cattle Ponzi scheme being perpetrated by Fort Worth, Texas company Agridime LLC, which claims to specialize […]
SEC Charges Investment Adviser for Misappropriation of Investor Money
December 14, 2023/US SEC The Securities and Exchange Commission today charged Justin Murphy, a former resident of Greenwich, Connecticut, and his investment management firm Mara Investments, LLC, for fraudulentmisappropriation of approximatley $3.4 million of investor assets. According to the SEC’s complaint, Justin Murphy induced multiple individuals to invest approximately $6.6 […]
