Trump Media gets new accountants after last firm charged with fraud
Business Insider - 2024-05-06T00:00:00.000Z

Former President Donald Trump's media company hired a new accounting firm Saturday after its previous auditor was banned from practice due to allegations of "massive fraud."Trump Media & Technology Group has now enlisted Phoenix-based Semple, Marchal & Cooper, according to a Securities and Exchange Commission (SEC) filing.Trump Media's previous firm, BF Borgers — as well as its owner Benjamin Borgers — settled fraud charges, the SEC said Friday.Borgers had made more than 1,500 fraudulent...

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BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission on Friday with widespread fraud impacting more than 1,500 filings. The SEC made no allegation of wrongdoing against Trump Media, which is not mentioned in the charges from the regulator. The SEC accused BF Borgers of “deliberate and systemic failures,” including “fabricating” audit documentation and falsely representing to clients its work would comply with accounting...
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BF Borgers, the independent accounting firm for Trump Media & Technology Group, is facing allegations of "massive fraud" from the Securities and Exchange Commission, which on Friday claimed the auditor ran a "sham audit mill" that put investors at risk. The SEC said Borgers has been shut down, noting that the company agreed to a permanent suspension from appearing and practicing before the agency as accountants. The suspension is effective immediately. Additionally, BF Borgers agreed to pay a...
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