SEC charges Trump Media’s auditing firm with ‘massive fraud’

The SEC has charged auditing firm BF Borgers and its owner with "massive fraud," leading to a $14 million settlement and a permanent ban from accounting. The firm, which audited Trump Media, failed over 1,500 filings by not adhering to required audit standards and falsifying compliance documents. This misconduct has left numerous companies, including Trump Media, seeking new auditors and reassessing past audits.