Tingo Group co-CEO Mmobuosi steps down after SEC order; SEC suspends trading

Tingo Group, Inc.

Dozy Mmobuosi temporarily stepped down as Interim Co-CEO and Board member after SEC sought to bar him from officer/director roles.
Ken Denos becomes sole Interim Group CEO; Mr. Mmobuosi will remain stood down until cleared of allegations.
SEC temporarily suspended trading in Tingo securities due to concerns over accuracy of public info since May 2022 (Tingo Mobile) and Feb 2023 (Tingo Foods).
Director John J. Brown resigned effective Dec 21, citing conflict of interest given SEC complaint and his Agri-Fintech chairmanship.
Company intends to vigorously defend against SEC complaint; investigation by counsel completed Aug 30, 2023.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Dozy Mmobuosi

Interim Co-Chief Executive Officer

Tingo Group, Inc.

Effective: 2023-12-20
Successor: Ken Denos
Filed: December 21, 2023, 6:59 PM ET

On December 20, 2023, Dozy Mmobuosi, who accepted the position of Group Interim Co-CEO on September 15, 2023, has temporarily stepped down as Interim Co-Chief Executive Officer and Member of the Board of Directors in connection with an order sought by the Securities & Exchange Commission

Role change (interim)

Ken Denos

Interim Group CEO

Tingo Group, Inc.

Effective: 2023-12-20
Filed: December 21, 2023, 6:59 PM ET

The Company’s other interim co-CEO, Mr. Ken Denos, will serve as its interim group CEO until further notice.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dozy Mmobuosi departed as Interim Co-Chief Executive Officer at Tingo Group, Inc..

Action: stepped down
Role: Interim Co-Chief Executive Officer

Exact text from the filing

On December 20, 2023, Dozy Mmobuosi, who accepted the position of Group Interim Co-CEO on September 15, 2023, has temporarily stepped down as Interim Co-Chief Executive Officer and Member of the Board of Directors in connection with an order sought by the Securities & Exchange Commission

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Ken Denos was appointed as Interim Group CEO at Tingo Group, Inc..

Action: appointed as interim group CEO
Role: Interim Group CEO

Exact text from the filing

The Company’s other interim co-CEO, Mr. Ken Denos, will serve as its interim group CEO until further notice.

View on SEC.gov

Source: SEC EDGAR

accession 0001213900-23-097700

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.