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Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US (22726 Views)

Tingo Group (Dozy Mmobuosi) Is A Fraudulent Enterprise / Flutterwave Triples Valuation To Over $3 Billion In A Year, Raises $250 Million / Oriental Hotel Up For Sale For $250 Million (2) (3) (4)

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Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by smileyoo: 12:10pm On Sep 02
ribbit:
but y'all told us pitobi is a saint next to angel.

Why are you comparing him to Tinubu again na? grin
peter Obi still remain the best for now, though he may not be perfect, but he is very prudent in his lifestyle, unlike your own emilokan 's luxurious lifestyles, having the balls of living, while urging the miserable citizens of Nigeria to endure hardships and hunger, with the hope of the fraudulent better tomorrow.
Only an irresponsible and useless father will be feeding fat while asking his children to endure hunger and hardships.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by erico2k2(m): 12:13pm On Sep 02
Majesty7:


You mean it's not criminal to pose as what you are not and using that gimmick to defraud unsuspecting investors? Are you sure of what you typed? Not criminal being a criminal? Or maybe you don't understand what they said he did
I dont think you understood what was written, it was a civil suite filed by the SEC fi it was in a criminal case it would have to be in the public interest, hence he offered no representation, he can appeal
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Majesty7: 12:18pm On Sep 02
erico2k2:

I dont think you understood what was written, it was a civil suite filed by the SEC fi it was in a criminal case it would have to be in the public interest, hence he offered no representation, he can appeal

cheesy. Funny dude. You are too funny. Now, read the below:

Last year, the US Securities and Exchange Commission had charged Dozy Mmobuosi and three of his companies, including two Nasdaq-listed enterprises, with fraud for inflating the “financial performance metrics of his companies and key operating subsidiaries to defraud investors worldwide”.

Can you please lecture us on the above allegation and the reason you believed that this is not fraud but just SEC doing rubbish as usual
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by ribbit: 12:27pm On Sep 02
smileyoo:
peter Obi still remain the best for now, though he may not be perfect, but he is very prudent in his lifestyle, unlike your own emilokan 's luxurious lifestyles, having the balls of living, while urging the miserable citizens of Nigeria to endure hardships and hunger, with the hope of the fraudulent better tomorrow.
Only an irresponsible and useless father will be feeding fat while asking his children to endure hunger and hardships.
dem don completely brainwash this one.

🤣🤣

Obi and the best in the same sentence?

-The same criminal that worked for abacha,

-put billions of state fund into family business,

- put all his money in foreign account inorder to avoid efcc or pay tax

- refused to build school but built beer factory.

- bought suv worth billions for naira of chiefs when poverty was busy ravaging anambrans.

- threw Anambra into massive poverty during his administration ( https://pmnewsnigeria.com/2022/11/14/peter-obi-threw-anambra-into-massive-poverty-level-as-governor-soludo/ )


- The list is endless.

Is the one better than anyone?

You would think when people like you talk about pitobi, it's another pitobi, not the former governor of Anambra.

Lmaoooooooo 🤣🤣🤣
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by frog12: 12:29pm On Sep 02
the man JAPA against him court case dem come fine am big time grin grin grin grin
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by bewla(m): 12:29pm On Sep 02
njikoka:
Tinubu is a disaster
Another patient on lose
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by djseanjohn77: 12:29pm On Sep 02
Firstcitizen:

https://www.ft.com/content/a5b0aa78-2e8d-456a-9784-ffd5f9b9bbbd

This is the same thing Nigeria's crimes commissions has been unable to establish against B-Lord[b]
"with fraud for inflating the “financial performance metrics of his companies and key operating subsidiaries to defraud investors worldwide”. [/b][i][/i]

EFCC can't even establish a crime against him.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by bewla(m): 12:31pm On Sep 02
Mitsurugi:
Mumu wan buy English Football club with $50 😂😂😂😂😂
One thing I do well don't want to get close to is poor people bad bell planty


Once you are rich stay far from the poor Nigeriansall they want is you are poor like them
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by YesDaddyTill203: 12:37pm On Sep 02
njikoka:
Tinubu is a disaster
You bloda committed fraud in the US by claiming to be a billionaire while thr idiot only had 59 dollars in his account but you are here blaming Tinubu.
Tinubu will leave rent free in your empty low IQ skull for the rest of your miserable low life existence.

1 Like 1 Share

Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by erico2k2(m): 12:41pm On Sep 02
Majesty7:


cheesy. Funny dude
Its not funny its true, read it up, this is not a criminal case, its a civil matter.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Burob: 1:13pm On Sep 02
Globad:
Fintech chief don turn to fintech thief
Tinubu is also a thief to them. grin
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Amaggedon: 1:39pm On Sep 02
Amayabor1:
Na them!

Fraudsters! Tomorrow, they will be shouting "odogwu".
No mind them hush puppy and woodberry people na so them dey do.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Majesty7: 1:40pm On Sep 02
erico2k2:

Its not funny its true, read it up, this is not a criminal case, its a civil matter.

Civil fraud!

Fraud is both a civil tort and criminal wrong. In civil litigation, allegations of fraud might be based on a misrepresentation of fact that was either intentional or negligent. In his own case it was intentional.

Do you have any defense for him?
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by efighter: 1:45pm On Sep 02
njikoka:
Tinubu is a disaster

What are your parents?
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by efighter: 1:46pm On Sep 02
Amayabor1:
Na them!

Fraudsters! Tomorrow, they will be shouting "odogwu".

Na dem develop Lagos, US, UK, Canada, Australia, the who Asia, even Hell Fire

2 Likes

Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by lagonovo: 1:53pm On Sep 02
Tilumbu has done it again.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Harnny(m): 2:01pm On Sep 02
Thewrath:
He is from delta state’s anioma.
Nigerians will say they are igbos when they do crime but when they progress,they are not igbos grin
that's like what happens in Yoruba land. It basically deters you from bringing shame to your household. If you commit crime, you belong to your household. If you bring pride , you belong to the community.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Yankee101: 2:16pm On Sep 02
E don cut out
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by YemyTemmy: 2:24pm On Sep 02
igbos and crime are like 5 and 6
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by frankson1(m): 2:36pm On Sep 02
njikoka:
Tinubu is a disaster


US don arrest your brother, ' ndi successful business man' for fraud cheesy cheesy cheesy
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by frankson1(m): 2:49pm On Sep 02
Naira20:
Tinubu minions come o.... They'd accuse PO because the guy is from PO's part of the country whilst Tinubu remains an international fraud.



Oya, back to the post,

Oyibo men arrested your 'successful business man' brother for fraud.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by NOwazobia: 3:57pm On Sep 02
Thewrath:
He is from delta state’s anioma.
Nigerians will say they are igbos when they do crime but when they progress,they are not igbos grin
But if he had succeeded you would have said that he is Igbo.

The double standard is from both side anyway.

Infact, igbos are very quick at claiming any success of any name with semblance to the Igbo tribe.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by t2luv1: 4:21pm On Sep 02
Konquest:

Dozy... The dude hails from Onicha Ugbo in Delta State (The same Aniocha North LGA where Tony Elumelu hails from in Delta North) and speaks very fluent Yoruba as well. Tbh, a significant number of companies even in the U.S. are being operated unethically by their directors. When external forensic auditors are invited, that is when you'll get to see a lot of discrepancies.


Whoa! 250 million USD is a lot to pay in fines. If he can't pay, he should just file for bankruptcy and that would negatively affect his credit history. It always pays to be ethical in ones dealings when engaging in local and international business... Be open to investors about your company record books and always read the fine prints when signing contracts.




As long as his company was registered as an LLC he is still good. Do the same thing Trump did when he filed for 6 bankrupcies. File a corporate liquidation against the corporate assets that is it. Your personal asset will still be protected.

1 Like

Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by DuttyChuks: 5:06pm On Sep 02
Amayabor1:


Have you prayed for your brothers in jails in India, Indonesia, Malaysia, south Africa, Philippines, Thailand who were caught with hard drugs? 🥲
Pains pains pains!
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Diegoswift: 5:57pm On Sep 02
Firstcitizen:

https://www.ft.com/content/a5b0aa78-2e8d-456a-9784-ffd5f9b9bbbd


Public opinion can be easily swayed by a statement no one cares about details and facts about the judgment been passed..( whether its political motivated or business war)..l laugh at Nigerian whom regard westerns as Saint..you think Africa is corrupt then try westerns with there organised crime with all levels on payroll
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Boyooosa(m): 6:15pm On Sep 02
HydraFeeds:
imagine when Blord was arrested for fraud but people were castigating the EFCC ? These same people will be the ones calling Nigeria corrupt.

One of the problems
Those ones too do selective arrest and sometimes, u will see unprofessionalism in it's height
Then, judiciary too can be so annoying
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Boyooosa(m): 6:28pm On Sep 02
obailala:
it will take at least 100 years of steady progress before Nigeria develops this kind of judicial system. Have this system in Nigeria and 99% of 'comfortable' Nigerians would be in prison.

Yeah, Nigeria will be a place to be again

Colonization sef better pas wetin dem dey give us now, atleast, Bokoharam was not on rampage them
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Boyooosa(m): 6:30pm On Sep 02
Moniya4Real:
I totally agree with you on this bro. But unfortunately, tribalism, religion and nepotism will hinder us from executing objective judgement on convicted people. Imagine all our billionairs in Nigeria, how many of them has not benefited from government? They are all thieves. The reason why the present crop of political leaders can't seem to make any headway in the fight against the corruption menace is simple; they have all been involved in one way or the other

Exactly, u nailed it

2 Likes

Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by Globad(f): 6:32pm On Sep 02
Burob:
Tinubu is also a thief to them. grin

I'm struggling to relate this to the issue at hand. Hope you weren't drunk when you posted this
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by AngelicBeing: 6:38pm On Sep 02
angry
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by erico2k2(m): 7:26pm On Sep 02
Majesty7:


Civil fraud!

Fraud is both a civil tort and criminal wrong. In civil litigation, allegations of fraud might be based on a misrepresentation of fact that was either intentional or negligent. In his own case it was intentional.

Do you have any defense for him?
Read the write up please, I believe you are speaking with emotion, its a civil case, or are you trying to say you do not know the difference between Criminal and civil proceedings?Trump had this same issue B4,most rappers and footballers have same even Actors.
Re: Fintech Chief, Dozy Mmobuosi Fined $250 Million For Fraud In The US by erico2k2(m): 7:28pm On Sep 02
t2luv1:


As long as his company was registered as an LLC he is still good. Do the same thing Trump did when he filed for 6 bankrupcies. File a corporate liquidation against the corporate assets that is it. Your personal asset will still be protected.




Well said, some of us in Nigeria get to emotional when we argue, and this clouds our judgement, It states there clearly its a civil case, yet some are already wanrnkiiing on it.

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