Transcribed
SEC charges Trump Media auditor with ‘massive fraud’
May 4, 2024 ·
1m 47s
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SEC charges Trump Media auditor with ‘massive fraud’
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Description
BF Borgers and its owner, Benjamin Borgers, have agreed to settle civil charges brought forth by the US Securities and Exchange Commission (SEC), with a total penalty of $14 million....
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BF Borgers and its owner, Benjamin Borgers, have agreed to settle civil charges brought forth by the US Securities and Exchange Commission (SEC), with a total penalty of $14 million. The SEC accused the auditing firm, which includes Trump Media among its clients, of engaging in fraudulent activities that impacted over 1,500 SEC filings. Benjamin Borgers will pay $2 million, and BF Borgers will pay $12 million as part of the settlement. Additionally, both parties have agreed to permanent suspensions from practicing as accountants on SEC filings.
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