The Securities and Exchange Commission (SEC) on Friday charged the accounting firm for former President Donald Trump’s social media company with “massive fraud” after an investigation uncovered “deliberate and systemic failures” to comply with U.S. audit standards. According to the SEC, BF Borgers and its owner Benjamin Borger allegedly fabricated documents and falsely represented to clients that its audit work would comply with accounting rules following a review of more than 1,500 SEC filings from 2021 to 2023.

BING NEWS:
  • Trump Media Replaces Its Accounting Firm BF Borgers With Semple, Marchal & Cooper
    Trump Media & Technology Group Corp. (DJT), a media and technology company founded by former US President Donald Trump, has recently ...
    05/6/2024 - 11:03 am | View Link
  • Trump’s Truth Social dismisses accounting firm after SEC accused it of ‘massive fraud’
    BF Borgers agreed to pay a $14 million fine after admitting it had falsely claimed filings for hundreds of companies met accounting standards.
    05/6/2024 - 8:39 am | View Link
  • Trump Media picks new accountants after last ones were charged with 'massive' scam
    Trump Media has engaged a new Phoenix-based firm after its previous auditors, BF Borgers, settled with the SEC over "massive fraud." ...
    05/6/2024 - 6:28 am | View Link
  • Trump Media fires auditing firm that US regulators have charged with 'massive fraud'
    Trump Media and Technology Group, the owner of social networking site Truth Social, has fired an auditor that federal regulators recently charged with “massive fraud.” The former president's media ...
    05/6/2024 - 5:37 am | View Link
  • Trump Media hires new auditor after previous accounting firm charged with ‘massive fraud'
    Truth Social owner Trump Media went public under the DJT ticker in late March, after merging with Digital World Acquisition Corp.
    05/6/2024 - 2:53 am | View Link
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