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Trump Media Stock Drops After Auditor Accused of Fraud

Trump Media’s Stock Price Plummets

Trump Media faced another blow on Friday as its stock price plummeted following accusations of “massive fraud” involving its auditor.

The Securities and Exchange Commission (SEC) alleged that BF Borgers, the company’s auditor, failed to adhere to common accounting standards, leading to a sharp decline in the media company’s shares.

• Trump Media shares saw a significant drop after the SEC accused the company’s auditor of engaging in fraudulent activities.

• The accounting firm, BF Borgers, was found to have violated accounting standards over a span of two years, impacting approximately 1,500 SEC filings.

• In response to the charges, BF Borgers agreed to pay a hefty penalty, prompting the company to cease operations permanently.

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