• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Donald Trump

SEC Shuts Down Trump Media Auditor Over Fraud

1 year ago
US Halts Financial Contributions To Okonjo-Iweala’s World Trade Organisation

AI Will Reshape Global Trade Says WTO

29 minutes ago
Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

20 hours ago
“I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

“I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

21 hours ago
MWC Kigali
‘We’re Reclaiming Stolen Land’: Self-Proclaimed African Tribe Defies Eviction In Scotland

‘We’re Reclaiming Stolen Land’: Self-Proclaimed African Tribe Defies Eviction In Scotland

22 hours ago
Nigeria: President Tinubu Signs Tax Reform Bill Into Law

Nigeria: Tinubu Lifts Emergency Rule In Rivers, Restores Fubara As Governor

22 hours ago
Thursday, September 18, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    “I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

    “I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

    Nigeria: President Tinubu Signs Tax Reform Bill Into Law

    Nigeria: Tinubu Lifts Emergency Rule In Rivers, Restores Fubara As Governor

    Ghana: President Mahama Pardons 998 Prison Inmates

    Africans Tired Of Corruption, Misgovernance, Mahama Echoes At Jonathan Foundation’s Democracy Dialogue

    Malawi: Vote Counting Commences After Presidential Election

    Malawi: Vote Counting Commences After Presidential Election

    Chad: New Constitution Allows President To Contest Unlimited Times

    Chad: New Constitution Allows President To Contest Unlimited Times

    Ghana To Host Goodluck Jonathan Foundation’s Democracy Dialogue

    Ghana To Host Goodluck Jonathan Foundation’s Democracy Dialogue

    Terrorism Against Christians: US Senators Push For Nigeria’s Redesignation As ‘Country Of Particular Concern’

    Terrorism Against Christians: US Senators Push For Nigeria’s Redesignation As ‘Country Of Particular Concern’

    Malawi: Campaigns End Ahead Of Tuesday Presidential Polls

    Malawi: Campaigns End Ahead Of Tuesday Presidential Polls

    Tanzania: Electoral Body Accepts Candidacy Of Opposition Figure After Court Ruling

    Tanzania: Electoral Body Accepts Candidacy Of Opposition Figure After Court Ruling

  • Economy
    Botswana: Nigerian National Appointed As Head Of SWF

    Botswana: Nigerian National Appointed As Head Of SWF

    Why Canada Rejected Over 1,500 Nigerian Asylum Applications In 2025

    Why Canada Rejected Over 1,500 Nigerian Asylum Applications In 2025

    Afreximbank Signs $500m Deal To Boost Nigeria’s Gas Infrastructure

    Afreximbank Signs $500m Deal To Boost Nigeria’s Gas Infrastructure

    AfDB: Egypt To Receive $271 Agricultural Loan To Promote Food Security

    Africa’s Transition States Need $210bn Yearly To Power Transformation – AfDB

    EXPLAINER: 10 Things To Note About Nigeria’s New Tax ID Rules

    EXPLAINER: 10 Things To Note About Nigeria’s New Tax ID Rules

    Nigeria: Govt Inaugurates Committees For Civil Service Personnel Audit

    Nigeria: Govt Launches Civil Service Audit, Targets Future-Ready Workforce

    India To Inject $680 Million Into Mauritius’ Economy

    India To Inject $680 Million Into Mauritius’ Economy

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    “I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

    “I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

    Nigeria: President Tinubu Signs Tax Reform Bill Into Law

    Nigeria: Tinubu Lifts Emergency Rule In Rivers, Restores Fubara As Governor

    Ghana: President Mahama Pardons 998 Prison Inmates

    Africans Tired Of Corruption, Misgovernance, Mahama Echoes At Jonathan Foundation’s Democracy Dialogue

    Malawi: Vote Counting Commences After Presidential Election

    Malawi: Vote Counting Commences After Presidential Election

    Chad: New Constitution Allows President To Contest Unlimited Times

    Chad: New Constitution Allows President To Contest Unlimited Times

    Ghana To Host Goodluck Jonathan Foundation’s Democracy Dialogue

    Ghana To Host Goodluck Jonathan Foundation’s Democracy Dialogue

    Terrorism Against Christians: US Senators Push For Nigeria’s Redesignation As ‘Country Of Particular Concern’

    Terrorism Against Christians: US Senators Push For Nigeria’s Redesignation As ‘Country Of Particular Concern’

    Malawi: Campaigns End Ahead Of Tuesday Presidential Polls

    Malawi: Campaigns End Ahead Of Tuesday Presidential Polls

    Tanzania: Electoral Body Accepts Candidacy Of Opposition Figure After Court Ruling

    Tanzania: Electoral Body Accepts Candidacy Of Opposition Figure After Court Ruling

  • Economy
    Botswana: Nigerian National Appointed As Head Of SWF

    Botswana: Nigerian National Appointed As Head Of SWF

    Why Canada Rejected Over 1,500 Nigerian Asylum Applications In 2025

    Why Canada Rejected Over 1,500 Nigerian Asylum Applications In 2025

    Afreximbank Signs $500m Deal To Boost Nigeria’s Gas Infrastructure

    Afreximbank Signs $500m Deal To Boost Nigeria’s Gas Infrastructure

    AfDB: Egypt To Receive $271 Agricultural Loan To Promote Food Security

    Africa’s Transition States Need $210bn Yearly To Power Transformation – AfDB

    EXPLAINER: 10 Things To Note About Nigeria’s New Tax ID Rules

    EXPLAINER: 10 Things To Note About Nigeria’s New Tax ID Rules

    Nigeria: Govt Inaugurates Committees For Civil Service Personnel Audit

    Nigeria: Govt Launches Civil Service Audit, Targets Future-Ready Workforce

    India To Inject $680 Million Into Mauritius’ Economy

    India To Inject $680 Million Into Mauritius’ Economy

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

SEC Shuts Down Trump Media Auditor Over Fraud

May 3, 2024
in Top Stories, World
0
Donald Trump

Donald Trump

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Emmanuel Nduka

The Securities and Exchange Commission (SEC) in the US has shut down BF Borgers, the auditor of Donald Trump’s social media company, accusing it of “massive fraud”.

Relatedreading

AI Will Reshape Global Trade Says WTO

Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

The SEC charged the firm its founder, Ben Borgers, on Friday with falsely representing to clients that its audit work would comply with US standards, and fabricating documentation.

MWC Kigali MWC Kigali MWC Kigali
ADVERTISEMENT

According to the charges, the firm which is one of the most prolific auditors of US public companies, was responsible for “one of the largest wholesale failures by gatekeepers in our financial markets”.

Without admitting or denying the SEC’s findings, the firm has agreed to pay a $12mn penalty and Ben Borgers to pay $2mn. Ben Borgers did not immediately respond to a request for comment.

Borgers has expanded rapidly to become auditor to hundreds of small and microcap companies — including the former US president’s Trump Media & Technology Group — but the SEC said that three-quarters of its audits were faulty.

The agency said it was stepping in to permanently close what it called a “massive fraud” and “sham audit mill”, and it told Borgers’ clients they would need to check past financial statements in case they contained errors. The firm’s “deliberate and systemic failure” to meet professional standards affected more than 1,500 company filings, the SEC said.

READ ALSO: Nigeria Grabs 112th Spot In 2024 World Press Freedom Index

The built the eighth-largest client list of any US audit firm in just 15 years while still operating out of a single-storey building in a suburb of Denver, Colorado. Its latest regulatory filing showed it had just 50 staff, 10 of whom are certified public accountants. Ben Borgers himself signed off on more than 140 audit opinions in the past year, according to Ideagen Audit Analytics — far more than any other accountant in the US.

In the past, regulators have been raising increasingly loud warnings about the quality of his work.

Borgers was found to have a 100 per cent deficiency rate in audits inspected by the Public Company Accounting Oversight Board, the Colorado state board of accountancy fined him $5,000 earlier this year for bad audits of retirement plans and Canada’s audit regulator barred BF Borgers from operating in that country last year.

The SEC’s order barring the firm from public auditing leaves more than 170 US public companies searching for new accountants, an issue that appeared to hit some share prices on Friday morning. TMTG was down 4 per cent in early trading.

“Trump Media looks forward to working with new auditing partners in accordance with today’s SEC order,” the company said.

Tags: Donald TrumpMedia
ShareTweetSend
Previous Post

Italy: Tourism Minister Indicted For COVID-Era Fraud

Next Post

Flood: Kenya Braces For Cyclone Hidaya After Devastating Floods Claims More Lives

Related Posts

US Halts Financial Contributions To Okonjo-Iweala’s World Trade Organisation

AI Will Reshape Global Trade Says WTO

September 18, 2025
Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

September 17, 2025

“I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

‘We’re Reclaiming Stolen Land’: Self-Proclaimed African Tribe Defies Eviction In Scotland

Nigeria: Tinubu Lifts Emergency Rule In Rivers, Restores Fubara As Governor

Africans Tired Of Corruption, Misgovernance, Mahama Echoes At Jonathan Foundation’s Democracy Dialogue

Next Post
Kenya

Flood: Kenya Braces For Cyclone Hidaya After Devastating Floods Claims More Lives

Please login to join discussion
MWC Kigali MWC Kigali MWC Kigali
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
US Halts Financial Contributions To Okonjo-Iweala’s World Trade Organisation

AI Will Reshape Global Trade Says WTO

September 18, 2025
Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

September 17, 2025
“I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

“I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

September 17, 2025
‘We’re Reclaiming Stolen Land’: Self-Proclaimed African Tribe Defies Eviction In Scotland

‘We’re Reclaiming Stolen Land’: Self-Proclaimed African Tribe Defies Eviction In Scotland

September 17, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

AI Will Reshape Global Trade Says WTO

September 18, 2025

Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

September 17, 2025

“I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

September 17, 2025

‘We’re Reclaiming Stolen Land’: Self-Proclaimed African Tribe Defies Eviction In Scotland

September 17, 2025

Nigeria: Tinubu Lifts Emergency Rule In Rivers, Restores Fubara As Governor

September 17, 2025

Africans Tired Of Corruption, Misgovernance, Mahama Echoes At Jonathan Foundation’s Democracy Dialogue

September 17, 2025

How 50 Sudanese Migrants Burned To Death In Libya Boat Fire – IOM

September 17, 2025

Royal Pomp As Trump Arrives UK In Second Visit

September 17, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Nadine Djuiko: Meet The Cameroonian Woman Behind Maryland’s Million-Dollar Braiding Empire

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In