> Tingo’s Auditor Is An Israeli Firm That’s Part Of The Deloitte Global Network
It Gave Tingo A Clean Audit Opinion For 2022 Despite What We View As Glaring, Obvious Anomalies That Even Basic Auditing Checks Would Have Spotted From A Mile Away. The issues in Tingo’s financials are glaring enough that we’d expect they could have been spotted by any semi-conscious finance undergrad with severe vision loss.
> Intrigued at how the company could so rapidly move from buying a stock photo of an oil refinery to laying “foundations of its numerous buildings”, we decided to pay the site a visit on May 24th, 2023.
> We found several cinderblocks that were in place as part of the ceremony, but not one single additional brick or additional site prep, despite the company’s claims and supposedly being only 18-24 months away from targeted completion.
(Pictured: Tingo’s claimed in-construction food processing facility, May 24th 2023, showing a pile of cinderblocks)
Seriously, I urge you to read this entire thing. It's even funnier than the binance comments.
> Intrigued at how the company could so rapidly move from buying a stock photo of an oil refinery to laying “foundations of its numerous buildings”, we decided to pay the site a visit on May 24th, 2023.
> We found several cinderblocks that were in place as part of the ceremony, but not one single additional brick or additional site prep, despite the company’s claims and supposedly being only 18-24 months away from targeted completion.
(Pictured: Tingo’s claimed in-construction food processing facility, May 24th 2023, showing a pile of cinderblocks)
Seriously, I urge you to read this entire thing. It's even funnier than the binance comments.