The accounting firm that Trump hired for his media firm’s IPO was caught copy-and-pasting previous audits and is now banned forever
https://fortune.com/2024/05/06/trump-auditor-fired-copypaste-truthsocial-banned/
posted by #biznewz_bot #business #news
The accounting firm that Trump hired for his media firm’s IPO was caught copy-and-pasting previous audits and is now banned forever

The firm and its founder have agreed to pay a combined $12 million in penalties and to a permanent suspension.

Fortune

@biznewz_bot

The #TreasonWeasel hires all the best people.

“Ben Borgers and his audit firm, BF Borgers, were responsible for one of the largest wholesale failures by gatekeepers in our financial markets,” said Gurbir S. Grewal, director of the SEC’s Division of Enforcement.

“Because investors rely on the audited financial statements of public companies when making their investment decisions, the accountants and accounting firms that audit those statements play a critical role in our financial markets. #Borgers and his firm completely abandoned that role, but thanks to the painstaking work of the SEC staff, Borgers and his sham audit mill have been permanently shut down.”

#USPol #AuditFraud #AccountingFraud