US Stock Exchange Watchdog Charges Auditor of Trump’s Social Media Company with Fraud in 1,500+ Investigations

“Ben Borgers and his accounting firm BF Borgers are responsible for one of the biggest breaches of the integrity of financial markets defenders ever.” Investors rely on the reliability of financial studies to make investment decisions. Auditors therefore play a vital role in our financial system. Borgers has completely abdicated that role,” he said.

The SEC was hard on the auditor who also examines the books of Truth Social, Donald Trump’s social media company. He accuses BF Borgers of submitting incomplete, false and fabricated surveys. The auditor’s office was permanently suspended and fined $14 million.

The stock exchange watchdog did not specifically say that BF Borgers also committed fraud in the Trump Media investigations. The investigator had worked for the former president’s media company since 2022. Since going public as Trump Media & Technology Group (TMTG), he has been the largest customer of BF Borgers in terms of market value. A spokesperson for Trump Media said the company will now be looking for a new auditor. (l.s.)