Trump Media's accountant is charged with "massive fraud" by the SEC
CBSN
BF Borgers, the independent accounting firm for Trump Media & Technology Group, is facing allegations of "massive fraud" from the Securities and Exchange Commission, which on Friday claimed the auditor ran a "sham audit mill" that put investors at risk.
The SEC said Borgers has been shut down, noting that the company agreed to a permanent suspension from appearing and practicing before the agency as accountants. The suspension is effective immediately. Additionally, BF Borgers agreed to pay a $12 million civil penalty, while owner Benjamin Borgers will pay a $2 million civil penalty.
Neither the SEC statement nor its complaint mentioned Trump Media & Technology Group, which did not immediately respond to a request for comment. Borgers also didn't respond to a request for comment.
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