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BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission on Friday with widespread fraud impacting more than 1,500 filings.
Dozens of executives were charged, including former Enron CEO Jeffrey Skilling, who was sentenced to a 24-year prison term and fined $45 million in 2006 after being found guilty of 18 counts of ...
The SEC charged BF Borgers, the accounting firm for former President Donald Trump’s social media company, with “massive fraud.”
A month earlier, the company's internal auditors discovered over $3.8 billion in illicit accounting entries intended to mask WorldCom's dwindling earnings, which was by itself more than the accounting fraud uncovered at Enron less than a year earlier. [109] Ultimately, WorldCom admitted to inflating its assets by $11 billion. [110]
Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S ...
Over the course of a six-week trial they detailed the fraud for the jury, including the roles of Tuzman and Amanat in orchestrating it. [8] In December 2017, Tuzman and Amanat were found guilty on all charges (in Tuzman's case, market manipulation conspiracy, wire fraud conspiracy relating to defrauding KIT Digital shareholders, and accounting ...
Former President Donald Trump returned to his civil fraud trial Thursday to spotlight his defense, renewing his complaints that the case is baseless and heaping praise on an accounting professor's ...
A federal grand jury in Brooklyn indicted him on fraud charges on September 22, 2004. [9] Kumar pleaded guilty to obstruction of justice and securities fraud charges on April 24, 2006. [ 10 ] On November 2, 2006, it was reported that he was sentenced to 12 years [ 1 ] in prison and fined $8 million for his role in a massive accounting fraud at ...