Back in February 2020, controversial political commentator Reno Omokri made headlines when he was announced as a brand ambassador for Tingo Mobile. However, Tingo Mobile is currently under scrutiny, facing allegations of being another frivolous scam, as reported by Hindenburg Research. Known for their expertise in forensic financial research, Hindenburg Research has raised concerns about the company’s activities. These accusations have cast a shadow over Tingo Mobile’s reputation and raised questions about its legitimacy.
We are short Tingo Group Inc (NASDAQ:TIO) because we believe the company is an exceptionally obvious scam with completely fabricated financials. Tingo, headquartered in New Jersey, claims to have several business segments focused on providing mobile phones, food processing and an online food marketplace for farmers primarily located in Nigeria.
https://hindenburgresearch.com/tingo/
https://hindenburgresearch.com/tingo/
Tingo Mobile unveils Reno Omokri as Brand Ambassador
— Vanguard Newspapers (@vanguardngrnews) February 19, 2020
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