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Trump Media auditor accused of massive fraud by SEC [1]

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Date: 2024-05-03  

Enough said about who’s defrauding who. Maybe Congress can help them out with an appeal to the Republican chairs /s…

The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of a “massive fraud” affecting more than 1,500 filings.

BF Borgers CPA PC and its founder Benjamin Borgers will be permanently suspended from appearing as accountants before the SEC, and will pay a total of $14 million in fines to settle the probe, the SEC said in a Friday release.

“Ben Borgers and his audit firm, BF Borgers, were responsible for one of the largest wholesale failures by gatekeepers in our financial markets,” Gurbir Grewal, the SEC’s enforcement chief, said in a statement.

BF Borgers did not immediately respond to a request for comment Friday morning. The firm has been one of the most prolific auditors in the US. The most recent review of its audits by US regulators found a 100% deficiency rate.

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[1] Url: https://www.dailykos.com/stories/2024/5/3/2238710/-Trump-Media-auditor-accused-of-massive-fraud-by-SEC?pm_campaign=front_page&pm_source=trending&pm_medium=web

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