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Trump Media s Auditor Banned By SEC For Massive Fraud

The auditing firm for Donald Trump’s Trump Media and other companies, BF Borgers, and its owner Benjamin Borgers, were fined and banned for life by the U.S. Securities and Exchange Commission for what it called "massive fraud."

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SEC charges BF Borgers, Trump Media s newly hired auditing firm, with massive fraud

SEC charges BF Borgers, Trump Media s newly hired auditing firm, with massive fraud
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Trump Media s newly hired auditing firm was just busted by the SEC for massive fraud

The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” though not for any work it performed for former President Donald Trump's media company.

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Trump Media Auditor Suspended for Fraud by SEC

The affected audit firm, BF Borgers CPA, and its owner, Benjamin Borgers, have been suspended from practicing accounting with the SEC, the regulator said

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Trump Media: Trump Media s newly hired auditing firm was just busted by the SEC for massive fraud

The Securities and Exchange Commission (SEC) charged auditing firm BF Borgers and its owner, Benjamin F. Borgers, with "massive fraud" for deliberate failures in over 1,500 audits. Despite being hired by Trump Media and Technology Group just 37 days prior, the charges are unrelated to their work for the company. The firm agreed to a $12 million fine, with Benjamin Borgers facing a $2 million fine and both agreeing to permanent suspensions from handling SEC-related matters. The SEC found that BF Borgers fabricated documentation, failed to follow accounting rules, and falsely stated that their work met audit standards.

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