​Hindenburg Target Tingo Mobile Found Liable For “Brazen” Fraud By Federal Judge After Ignoring SEC Lawsuit – Tyler Durden

Hindenburg Target Tingo Mobile Found Liable For “Brazen” Fraud By Federal Judge After Ignoring SEC Lawsuit Nigerian “agri-fintech” company Tingo Mobile – targeted by short seller Hindenburg Research barely a year ago, in June 2023 – has been found liable by a federal judge after failing to even respond to the SEC’s lawsuit against them, accusing them of demonstrable financial fraud. US District Judge Jesse Furman called the fraud “brazen” in court on Wednesday, ruling in favor of the regulators, who followed claims by Hindenburg Research that Tingo was booking “billions” in fraudulent transactions. “The magnitude of the fraud is quite…  — Continue at ZeroHedge News : Read More