Trump Media’s accounting firm accused of fraud

FILE PHOTO: Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, May 2, 2024. Photographer: Jeenah Moon/Pool via REUTERS/File Photo

New York: The Securities and Exchange Commission (SEC) 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 practising and appearing as accountants before the SEC, and will pay a total of US$14mil in fines to settle the probe, the SEC said in a release last Friday.