The auditing firm for Trump Media and the auditor’s owner were charged Friday with “massive fraud” by the Securities and Exchange Commission for accounting 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, without admitting or denying the allegations, the SEC said.
The agency, calling BF Borgers a “sham audit mill,” said the company and its owner “deliberately systematically failed to conduct” audits and quarterly reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023 in accordance with Public Company Accounting Oversight Board standards.
How hard is it to surmise that Trump Media (stock ticker: DJT) went looking for a compliant CPA who would, for a fee, accept whatever garbage of a financial statement that DJT handed them and sign off on it? It would be really delicious if it came to light that it was DJT's financial fictioneering that got the SEC to look hard at BF Bogers.
Doing work for Von ShitzinPantz at any level is committing professional seppuku.
H/T
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