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The billion dollar fraud Tingo – the weakest rebuttal in history & an explicit warning for US investors from Tingo itself

By Tom Winnifrith | Wednesday 7 June 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Yesterday, bear raiders Hindenburg weighed into the battle with Tingo (US:TIO), the billion dollar fraud masterminded by Chris Cleverly, the cousin of foreign secretary James. The dossier HERE showed that Tingo’s claimed operations either did not exist or had a skeletal presence which shows that its claimed revenues and profits are just bogus as, almost certainly, is its claimed cash. Tingo has responded with what Lucian Miers calls “one of the most feeblest rebuttals I have seen ( and I have seen a lot)”. Meanwhile Tingo itself has a warning for American investors.

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