SEC Charges Trump Media Auditor With Fraud – The New York Times

Gurbir S. Grewal, the S.E.C. director of enforcement, called the failures at BF Borgers “one of the largest wholesale failures by gatekeepers in our financial markets.”

The S.E.C. said it had found that the audit firm sometimes copied work it had previously done for clients and simply changed dates on filings. In the process, regulators said, the firm “falsely documented work that had not been performed.”

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The S.E.C. release said there was “no known defense counsel” for BF Borgers. In settling with the S.E.C., the audit firm and Mr. Borgers neither admitted nor denied the charges.

Source: SEC Charges Trump Media Auditor With Fraud – The New York Times