• 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
South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

South Africa Records 0.8% Growth In Q2 2025

5 hours ago
Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

6 hours ago
UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

10 hours ago
MWC Kigali
Junk Food: One In 10 Kids Obese Worldwide – UN Report 

Junk Food: One In 10 Kids Obese Worldwide – UN Report 

10 hours ago
Court Jails 7 Chinese Nationals Over Abduction, Forced Labour In South Africa

Court Jails 7 Chinese Nationals Over Abduction, Forced Labour In South Africa

12 hours ago
Thursday, September 11, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    France Gets New Prime Minister After Bayrou’s Resignation

    France Gets New Prime Minister After Bayrou’s Resignation

    At Washington Meeting, Trump Confronts Ramaphosa With Video Evidence Of “Genocide” Against Whites

    Trump Not Attending G20 Summit Taking Place First Time In Africa — White House

    Ivory Coast: Former First Lady Cleared To Contest Presidential Election

    Ivory Coast: Former First Lady Cleared To Contest Presidential Election

    US Deports Sierra Leone Coup Figure Charles Mbayo Over Human Rights Crimes

    US Deports Sierra Leone Coup Figure Charles Mbayo Over Human Rights Crimes

    Uganda: “Missing” Student Jailed Over TikTok Video Criticizing President Yoweri

    Uganda: Opposition Figure Arrested In Court During Colleagues Bail Hearing

    Burundi’s Nibigira Emerges President Of Central Africa’s Regional Bloc

    Burundi’s Nibigira Emerges President Of Central Africa’s Regional Bloc

    Senegal: Government Reshuffles Cabinet Amid Economic Tension

    Senegal: Government Reshuffles Cabinet Amid Economic Tension

    Japan: Prime Minister Shigeru Ishiba Resigns After Party’s Electoral Woe

    Japan: Prime Minister Shigeru Ishiba Resigns After Party’s Electoral Woe

    UK: Deputy PM Blames “Inaccurate” Advice For Tax Error

    UK Deputy Prime Minister Quits Over Tax Error

  • 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

    African Leaders Demand Climate Justice At Ethiopia Summit 

    African Leaders Demand Climate Justice At Ethiopia Summit 

    Auto Draft

    Kenya: 66,000 Jobs At Risk As AGOA Deal Ends

    Africa’s Super Banker Resumes As AfDB President, Promises To Harness Africa’s Youthful Energy, Chart Bold Compass For Transformation

    AfDB President Unveils Four Urgent Priorities For First 100 Days In Office

    AfCFTA Key To Shielding Africa From Global Trade Shocks – Mene

    AfCFTA Key To Shielding Africa From Global Trade Shocks – Mene

    Registration Opens For MWC25 Kigali, Africa’s Biggest Connectivity Event

    Registration Opens For MWC25 Kigali, Africa’s Biggest Connectivity Event

    Zimbabwe Pays First Compensation To White Farmers Affected By Land Reforms

    Zimbabwe To Commence Export Of Blueberry To China

    Goldman

    Nigeria: Naira Records Third Consecutive Appreciation Against US Dollar

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    France Gets New Prime Minister After Bayrou’s Resignation

    France Gets New Prime Minister After Bayrou’s Resignation

    At Washington Meeting, Trump Confronts Ramaphosa With Video Evidence Of “Genocide” Against Whites

    Trump Not Attending G20 Summit Taking Place First Time In Africa — White House

    Ivory Coast: Former First Lady Cleared To Contest Presidential Election

    Ivory Coast: Former First Lady Cleared To Contest Presidential Election

    US Deports Sierra Leone Coup Figure Charles Mbayo Over Human Rights Crimes

    US Deports Sierra Leone Coup Figure Charles Mbayo Over Human Rights Crimes

    Uganda: “Missing” Student Jailed Over TikTok Video Criticizing President Yoweri

    Uganda: Opposition Figure Arrested In Court During Colleagues Bail Hearing

    Burundi’s Nibigira Emerges President Of Central Africa’s Regional Bloc

    Burundi’s Nibigira Emerges President Of Central Africa’s Regional Bloc

    Senegal: Government Reshuffles Cabinet Amid Economic Tension

    Senegal: Government Reshuffles Cabinet Amid Economic Tension

    Japan: Prime Minister Shigeru Ishiba Resigns After Party’s Electoral Woe

    Japan: Prime Minister Shigeru Ishiba Resigns After Party’s Electoral Woe

    UK: Deputy PM Blames “Inaccurate” Advice For Tax Error

    UK Deputy Prime Minister Quits Over Tax Error

  • 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

    African Leaders Demand Climate Justice At Ethiopia Summit 

    African Leaders Demand Climate Justice At Ethiopia Summit 

    Auto Draft

    Kenya: 66,000 Jobs At Risk As AGOA Deal Ends

    Africa’s Super Banker Resumes As AfDB President, Promises To Harness Africa’s Youthful Energy, Chart Bold Compass For Transformation

    AfDB President Unveils Four Urgent Priorities For First 100 Days In Office

    AfCFTA Key To Shielding Africa From Global Trade Shocks – Mene

    AfCFTA Key To Shielding Africa From Global Trade Shocks – Mene

    Registration Opens For MWC25 Kigali, Africa’s Biggest Connectivity Event

    Registration Opens For MWC25 Kigali, Africa’s Biggest Connectivity Event

    Zimbabwe Pays First Compensation To White Farmers Affected By Land Reforms

    Zimbabwe To Commence Export Of Blueberry To China

    Goldman

    Nigeria: Naira Records Third Consecutive Appreciation Against US Dollar

  • 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

South Africa Records 0.8% Growth In Q2 2025

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

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

South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

South Africa Records 0.8% Growth In Q2 2025

September 11, 2025
Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

September 10, 2025

UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

Junk Food: One In 10 Kids Obese Worldwide – UN Report 

Court Jails 7 Chinese Nationals Over Abduction, Forced Labour In South Africa

France Gets New Prime Minister After Bayrou’s Resignation

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
South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

South Africa Records 0.8% Growth In Q2 2025

September 11, 2025
Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

September 10, 2025
UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

September 10, 2025
Junk Food: One In 10 Kids Obese Worldwide – UN Report 

Junk Food: One In 10 Kids Obese Worldwide – UN Report 

September 10, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

South Africa Records 0.8% Growth In Q2 2025

September 11, 2025

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

September 10, 2025

UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

September 10, 2025

Junk Food: One In 10 Kids Obese Worldwide – UN Report 

September 10, 2025

Court Jails 7 Chinese Nationals Over Abduction, Forced Labour In South Africa

September 10, 2025

France Gets New Prime Minister After Bayrou’s Resignation

September 10, 2025

Illegal Migration: Children Among Dead As Migrant Crossings Soar Past 30,000 In UK

September 10, 2025

Trump Not Attending G20 Summit Taking Place First Time In Africa — White House

September 9, 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