Subject: DJT- here comes the SEC, accounting ??
"" The Securities and Exchange Commission Friday said the SF Borgers audit firm will pay $12 million for massive fraud and is barred from practicing before the SEC as accountants. Among its responsibilities, It's Trump Media's(DJT) auditor.

The SEC said SF Borgers is barred for false representation to clients, fabricating audit documentation and deliberate and systemic failure to comply with auditing standards.

Benjamin Borgers, owner of the firm, will pay an addition $2 million civil penalty. Borgers and SF Borgers were permanently barred from practicing before the SEC as accountants.

"As a result of their fraudulent conduct, they not only put investors and markets at risk by causing public companies to incorporate noncompliant audits and reviews into more than 1,500 filings with the commission, but also undermined trust and confidence in our markets," SEC Director of Enforcement Gurbir S. Grewal said in a statement.

Grewal added that, "Borgers and his sham audit mill have been permanently shut down."

The SEC said the massive fraud occurred in more than 1,500 SEC filings.

The SEC action raised serious questions regarding the veracity and accuracy of financial information contained in those filings, including Trump Media(DJT) financial filings.

The SEC said, "We encourage all issuers that have previously engaged BF Borgers as their independent auditor to consider the findings and sanctions discussed in the order, taking into account their disclosure obligations under the federal securities laws."

Trump Media (DJT) spokeswoman Shannon Devine told CNBC, "Trump Media(DJT) looks forward to working with new auditing partners in accordance with today's SEC order."

Trump is the majority share holder in Trump Media(DJT).

According to the SEC Borgers and his company "copied work papers from previous engagements for their clients, changing only the relevant dates, and then passed them off as work papers for the current audit period."

The SEC order found that they violated antifraud, record keeping and other provisions of federal securities laws.

These actions, the SEC said, failed to comply with required Public Company Accounting Oversight Board standards, while falsely representing to clients that the firm's work would comply.

SF Borgers also were charged by the SEC of "fabricating audit documentation to make it appear that the firm's work did comply with PCAOB standards; and falsely stating in audit reports included in more than 500 public company SEC filings that the firm's audits complied with PCAOB standards."