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Tuesday, June 6, 2023

Nigeria scam version 2.0

Nigeria scam version 2.0

🤣🤣🤣

Here are some excerpts from Hindenburg Research's report on this Nigerian Food & Mobile Scam.
  • company held a groundbreaking ceremony for a planned $1.6 billion Nigerian food processing facility of its own…We found that the rendering of the planned facility, featured in Tingo's investor materials and on a billboard at the ceremony, is actually a rendering of an oil refinery from a stock photo website!
  • We strongly suspect Tingo's cash balance, which it conveniently claims is held in Nigeria, is fake. 
  • Nigerian Communications Commission showed it has no record of Tingo being a mobile licensee at all, despite company claims of having 12 million mobile customers

Tingo Group: Fake Farmers, Phones, and Financials—The Nigerian Empire That Isn't

"they are scammers"