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SEC charges Trump Media auditor with 'massive fraud' on hundreds of companies, imposes lifetime ban
Trump Media, the owner of the Truth Social app, trades under the DJT ticker. Former President Donald Trump is the majority shareholder of the company.
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. BF Borgers during the period covered by the SEC complaint acted as the auditor for Trump Media, which was then privately held and moving toward a planned merger with the publicly traded shell company Digital World Acquisition Corp. 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.
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