SEC charges auditor with ‘massive fraud’ on hundreds of companies, imposes lifetime ban

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SEC charges auditor with ‘massive fraud’ on hundreds of companies, imposes lifetime ban

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https://www.cnbc.com/2024/05/03/trump-m ... udits.html

The auditing firm and the auditor’s owner were charged with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced.

The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, the SEC said.

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