Hindenburg target Tingo fails to respond to sec fraud lawsuit
Edited By WION Video Desk
Published: Aug 30, 2024, 05:00 IST | Updated: Aug 30, 2024, 05:00 IST
A financial technology company, Tingo group, targeted by Hindenburg research, is in legal mess. A federal judge found Tingo group and its chief executive officer liable for fraud after the company failed to respond to a US securities and exchange commission (sec) lawsuit. The sec accused them of overstating financial results.
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