The Securities and Exchange Commission hasactually charged the auditing company workedwith by Trump Media and Technology Group simply 37 days ago with “massive scams” — though not for any work it carriedout for previous President Donald Trump’s media business
ByDAVID HAMILTON AP service pressreporter
SAN FRANCISCO — The Securities and Exchange Commission on Friday charged an auditing company workedwith by Trump Media and Technology Group simply 37 days ago with “massive scams” — though not for any work it carriedout for previous President Donald Trump’s media business.
The SEC charged the accounting company BF Borgers and its owner, Benjamin F. Borgers, with “deliberate and organized failures” in more than 1,500 audits. The charges consistof stoppingworking to abide by accounting guidelines, producing paperwork to cover up its drawbacks, and wrongly specifying in audit reports that its work satisfied audit requirements.
To settle the SEC charges, BF Borgers concurred to pay a $12 million fine while its owner concurred to pay a fine of $2 million, according to the SEC. Benjamin Borgers did not rightaway return a call lookingfor remark.
BF Borgers and Be