From Investopedia:
- The auditing firm for Donald Trump’s Trump Media and other companies, BF Borgers, as well as its owner Benjamin Borgers, were fined and banned for life by the U.S. Securities and Exchange Commission (SEC) for what officials called "massive fraud."
- Regulators said BF Borgers and Benjamin Borgers failed to comply with PCAOB standards and lied about it.
- The company and Borgers agreed to pay $12 million and $2 million in civil penalties, respectively, and be permanently suspended from appearing and practicing before the SEC as accountants.
