Trump Media hires new auditor after previous accounting firm charged with 'massive fraud'
Publishing timestamp: 2024-05-06 09:53:27
Summary
Trump Media hires new auditor, Semple, Marchal & Cooper LLP, after previous auditor BF Borgers CPA was accused of massive fraud by the SEC. Former President Donald Trump owns 65% of Trump Media's stock. The SEC accused BF Borgers of failing to conduct proper audits for over 1500 regulatory filings for public companies. BF Borgers and its owner agreed to a permanent ban from auditing public companies and to pay $14 million in penalties. Trump Media's stock became publicly traded on March 26 after merging with Digital World Acquisition Corp.
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Keywords: laws, politics, markets, breaking news: markets, breaking news: politics, trump media & technology group corp, business news, social media, business, donald trump,