May 19, 2024

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The SEC has charged Trump Media’s auditor with “large-scale fraud” and has been permanently barred from audits of public companies.

The SEC has charged Trump Media’s auditor with “large-scale fraud” and has been permanently barred from audits of public companies.

Rafael Henrique | Rocket Lite | Getty Images

The Securities and Exchange Commission on Friday charged Trump Media’s audit firm and the auditor’s owner with “large-scale fraud” for the business that affected more than 1,500 SEC filings announced by the federal regulator.

Auditor BF Borgers CPA and owner Benjamin Borgers agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined civil fines of $14 million, while admitting or denying the allegations, the SEC said.