Trump Media auditor charged by SEC with 'massive fraud,' permanently barred from public company audits

The auditing firm for Trump Media and the auditor's owner were charged with "massive fraud" by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced.

The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, with admitting or denying the allegations, the SEC said. The respondents also were charged with falsely telling clients that the auditor's work would comply with PCAOB standards, with fabricating audit documents to make it seem that the work did comply with those standards, and "falsely stating in audit reports included in more than 500 public company SEC filings that the firm's audits complied with PCAOB standards," the release said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Trump defends Truth Social as media company's skeptics grow, stock price whipsawsAs critics question Trump Media’s value, the company has become by far the most expensive stock in the U.S. to sell short.
Источник: NBCDFW - 🏆 288. / 63 Прочитайте больше »

Trump defends Truth Social as media company's skeptics grow, stock price whipsawsAs critics question Trump Media’s value, the company has become by far the most expensive stock in the U.S. to sell short.
Источник: NBCLA - 🏆 319. / 59 Прочитайте больше »