https://www.sec.gov/news/press-release/2024-51stessier wrote: ↑Fri May 03, 2024 12:33 pmIt was the other way around, seemingly. Truth Social appears to have used an auditor that was just faking it - there are many companies that have documents completed by this auditor.Pyperkub wrote: ↑Fri May 03, 2024 11:35 amIt is quite amazing how getting involved with Trump financially exposes you to risk for committing fraud...stessier wrote: ↑Fri May 03, 2024 11:00 am This seems relevant.
Trump Media auditor charged by SEC with ‘massive fraud,’ gets permanent ban
- 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, the SEC said.
- The share price of Trump Media, which owns the Truth Social app, was down 9% shortly after trading began.
You don't end up with a fly-by-night auditor by accident. Either you hire them because they are very cheap or because you know they will report...creatively. Serious companies use PWC or KPMG or Deloitte or any of the other big boys, or well-regarded specialty shops.According to the SEC’s order, of 369 BF Borgers clients whose public filings from January 2021 through June 2023 incorporated BF Borgers’s audits and reviews, at least 75 percent of the filings incorporated BF Borgers’s audits and reviews that did not comply with PCAOB standards.
DWAC/DJT went with these guys:
https://www.google.com/maps/@39.7128938 ... 384!8i8192
Because of course they did. The grift demands it.