knittingknots2,
@knittingknots2@mstdn.social avatar

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

https://www.cnbc.com/2024/05/03/trump-media-auditor-charged-by-sec-with-massive-fraud-permanently-barred-from-public-company-audits.html

LinuxAndYarn,
@LinuxAndYarn@mastodon.social avatar

@knittingknots2

'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"'

With 1500 filings, that covers a lot of customers, not just DJT. Marketwatch says "The SEC did not name the firms whose filings had been affected"

https://www.marketwatch.com/story/sec-charges-firm-that-audits-trumps-truth-social-with-massive-fraud-affecting-hundreds-of-filings-92bda4f2

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