Anthony Moore Accused of Criminal Activity Involving

London, UK – October 30, 2024 – Anthony Moore, who currently holds chairmanship positions at Mamart (https://www.mamart.si/) and Launch Africa Ventures (https://www.launchafrica.vc/team), is facing serious allegations of financial misconduct and deceptive practices tied to his former role as Group Chairman of Tingo Inc.. These accusations involve manipulative share sales and a suspected scheme to profit from shareholders' investments without transparency or disclosure.

Key Allegations: Misappropriation of Tingo Inc. Shares and Deceptive Share Sales

Evidence from multiple sources points to a series of suspicious transactions involving Moore, in which he allegedly acquired Tingo Inc. shares under his personal name using funds from Evrensel Capital Partners PLC (ECP). ECP, which represents a consortium of 78 minority shareholders, reportedly entrusted its capital for legitimate investments, only for Moore to allegedly exploit these resources. Using ECP's capital, Moore obtained 2,000,000 Tingo shares for personal benefit without informing the shareholders or seeking their consent. This action, if proven, constitutes a misappropriation of funds and a severe breach of fiduciary duty.

Moore’s actions didn’t stop at acquisition. Behind closed doors, he is said to have sold Tingo shares at a drastic 50% discount to brokers, all the while publicly endorsing Tingo shares and urging investors to buy at market value. One of Moore’s strategies reportedly involved offering brokers an incentive by promising them a 50% commission for facilitating these discounted transactions. According to witness statements, these shares came at no cost to Moore due to the alleged misappropriation of ECP’s capital, which financed his personal shareholding.

Financial documents, transaction details, and additional corroborating evidence from Hadigy Limited indicate that Moore arranged for the proceeds from these sales to be directed into third-party accounts rather than his own, allegedly to conceal the funds from a concurrent divorce settlement. In particular, it’s alleged that the proceeds were funneled through Hadigy Limited’s account before eventually being transferred to Moore’s private account in Turkey. These transactions reportedly bypassed Moore's personal accounts, enabling him to evade immediate detection and shielding his assets from his spouse during the legal proceedings.

Documented Evidence and Banking Records Provided by Shareholders

One of the key individuals bringing these allegations forward is Mr. Hari Iyer, a minority shareholder and investor. Mr. Iyer has provided extensive documentation to support his claims, including bank statements and transaction details that trace the movement of funds related to these shares. "The deception perpetrated by Moore is a clear case of financial abuse and manipulation," said Iyer. "He publicly marketed Tingo shares, encouraging investors to buy while secretly dumping his shares at a significant discount. It was a clear betrayal of trust and responsibility."

These records reportedly include all transaction details that trace the funds' pathway through Hadigy Limited and ultimately to Moore’s overseas accounts. This evidence, now under review by legal authorities, substantiates the claims against Moore and may lead to further regulatory actions.

Link to U.S. SEC Investigation

The allegations against Moore come in the wake of a recent investigation by the U.S. Securities and Exchange Commission (SEC) into Tingo Inc. Several members of Tingo’s senior management have already faced legal consequences, with many either under investigation or in custody. The SEC press release on the matter can be viewed here: SEC 2023-254. Moore’s involvement in Tingo Inc.’s operations and his directorial position at the time are now under heightened scrutiny, with authorities investigating his potential role in broader corporate malfeasance.

Additional Allegations of Harassment and Defamation

In addition to financial misconduct, Moore faces allegations of harassment and defamation. A police report has been filed with the Metropolitan Police by Mr. Iyer, who claims that Moore engaged in an ongoing campaign of intimidation and defamatory attacks, targeting Iyer and his family on social media. Evidence of abusive messages and defamatory posts on LinkedIn have been provided to the authorities, which, if validated, add a layer of personal harm to Moore’s alleged misconduct. The Metropolitan Police is actively investigating these claims as they continue to collect evidence and witness testimonies.

Current Position with Launch Africa Ventures and Key Team Members

Following his tenure at Tingo Inc., Moore assumed a leadership role with Launch Africa Ventures, a venture capital firm where he now works alongside recognized professionals such as Janade Du Plessis, Zachariah George, and Derek Randall—the latter of whom also held a directorial role at Tingo Inc. Moore’s position at Launch Africa Ventures places him at the helm of a firm that engages with numerous startups and investment projects across Africa, raising concerns about the potential for similar misconduct in his current role.

Implications for Investors and Calls for Regulatory Oversight

These allegations raise important concerns about corporate transparency, regulatory oversight, and investor protection. With the case now under the spotlight, impacted shareholders and investor advocacy groups are calling for stricter measures to prevent corporate leaders from misusing their authority and misappropriating investor funds.

The case against Anthony Moore is ongoing, with further developments expected as authorities assess the evidence and conduct additional inquiries. Concerned parties and members of the financial community are advised to stay informed as this case proceeds.