Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million
- Audit firm BF Borgers to pay $12 million to settle probe
- BF Borgers’ alleged fraud affected more than 1,500 SEC filings
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The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of massive fraud affecting hundreds of companies and more than 1,500 regulatory filings.
BF Borgers CPA PC and its founder, Benjamin Borgers, will be permanently suspended from practicing and appearing as accountants before the SEC, and will pay a total of $14 million in fines to settle the probe, the SEC said in a Friday release.