India, May 6 -- Trump Media & Technology Group Corp. (DJT), a media and technology company founded by former US President Donald Trump, has recently terminated its accounting firm BF Borgers CPA.
This decision was made after US regulators accused the firm of engaging in "massive fraud." The Securities and Exchange Commission charged BF Borgers and its owner Benjamin Borgers with extensive fraud and operating a "sham audit mill." As a result, both parties agreed to a permanent ban from auditing public companies and to pay a combined $14 million in penalties.
Trump Media promptly took action by removing BF Borgers as its independent registered public accounting firm since it was a client of the firm. As part of the settlement with regulator...