Trump Media Fires Auditor, Hires Arizona Firm
Published on May 6, 2024
An auditing firm in Phoenix, Arizona just landed a massive client—former President Donald Trump’s media company, Trump Media and Technology Group Corp., which owns the former president’s social media network Truth Social. Trump Media officially has a market capitalization of $6.7 billion, more than all of the Phoenix-based auditing firm Semple, Marchal & Cooper (SMC), LLP’s pre-Trump clients combined. A filing submitted on May 6 to the U.S. Securities and Exchange Commission (SEC) shows that the company fired their former accounting firm BF Borgers CPA PC on May 3, immediately after the SEC announced charges against that company for “massive fraud.”...