reader Posted May 3 Share Posted May 3 From CNBC The auditing firm for Trump Media and the auditor’s owner were charged Friday 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 agency, calling BF Borgers a “sham audit mill,” said the company and its owner engaged in “deliberate and systemic failures to comply with Public Company Accounting Oversight Board ... standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023,” according to a press release. KeepItReal 1 Quote Link to comment Share on other sites More sharing options...
KeepItReal Posted May 3 Share Posted May 3 8 minutes ago, reader said: From CNBC The auditing firm for Trump Media and the auditor’s owner were charged Friday 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 agency, calling BF Borgers a “sham audit mill,” said the company and its owner engaged in “deliberate and systemic failures to comply with Public Company Accounting Oversight Board ... standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023,” according to a press release. The SEC is late to the party. The Canadian oversight board banned Bogus & Co (as CPAs are affectionately referring to Borgers) in January 2024. reader 1 Quote Link to comment Share on other sites More sharing options...
Stable Genius Posted May 3 Share Posted May 3 Every layer of the Trump onion is saturated with corruption. Where there's putrid smoke like this, Donnie's scorched earth fire isn't far behind. Buckle up and stoke the popcorn. The sordid Trump Media train continues its spectacular derailing. This explains why rapist hired this firm... He needed a firm that was willing to commit SEC fraud Quote Link to comment Share on other sites More sharing options...
