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The Guardian - UK
The Guardian - UK
Business
Rob Davies

Businessman who tried to buy Sheffield United accused of ‘elaborate’ fraud

Dozy Mmobuosi Sheffield United United States SEC
Dozy Mmobuosi
Dozy Mmobuosi seemed to be close to securing a takeover of Sheffield United earlier this year, in a deal reportedly due to be worth more than £100m. Photograph: Dozy Mmobuosi/The Marque

A Nigerian businessman who appeared to be closing in on a takeover of the Premier League football club Sheffield United is being sued by the US financial watchdog for a fraud, in which he is alleged to have faked documents and made up companies out of “thin air”.

The US Securities and Exchange Commission (SEC) said on Monday it had filed charges against Dozy Mmobuosi, claiming he inflated his companies’ financial performance by hundreds of millions of dollars to defraud investors.

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