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South Africa’s Top Court Rules Former President Zuma Cannot Stand In Election Over Criminal Conviction

South Africa’s Top Court Rules Former President Zuma Cannot Stand In Election Over Criminal Conviction

GovernMend Nigeria May 20, 2024 0
Man Sets Self On Fire Outside Trump Trial Venue

Man Sets Self On Fire Outside Trump Trial Venue

GovernMend Nigeria April 20, 2024 0
WHO: Over Half of Global Population Lacks Full Access to Essential Health Services

WHO: Over Half of Global Population Lacks Full Access to Essential Health Services

GovernMend Nigeria April 4, 2024 0
Femi Fani-Kayode Criticizes Nigeria’s Close Ties with Western Powers, Calls for Improved Relations with Russia

Femi Fani-Kayode Criticizes Nigeria’s Close Ties with Western Powers, Calls for Improved Relations with Russia

GovernMend Nigeria April 1, 2024 0

Germany’s New Regulations to Allow International Students to Work Before Starting Studies Amongst Other Opportunities for Non-EU Students and Workers

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Editor’s Picks

The Nigerian Civil Aviation Authority has suspended the Air Operators Certificate of Dana Air.

The Nigerian Civil Aviation Authority has suspended the Air Operators Certificate of Dana Air.

GovernMend Nigeria April 25, 2024 0
Oyo Clamps Down on Advertising Practitioners, Third-party Agents, Laments Over N650Million Debt

Oyo Clamps Down on Advertising Practitioners, Third-party Agents, Laments Over N650Million Debt

GovernMend Nigeria April 25, 2024 0

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CHIEF OBAFEMI AWOLOWO

CHIEF OBAFEMI AWOLOWO

GovernMend Nigeria May 9, 2024 0
The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the  of Apapa and Tin-Can Island Ports in Lagos.

The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the  of Apapa and Tin-Can Island Ports in Lagos.

GovernMend Nigeria April 18, 2024 0
Calabar Carnival Parade Delights Audience with Vibrant Performances

Calabar Carnival Parade Delights Audience with Vibrant Performances

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Tinubu’s Security Promises: A Look at the Reality Seven Months In

Tinubu’s Security Promises: A Look at the Reality Seven Months In

GovernMend Nigeria December 28, 2023 0
Abia State Government Clarifies Expenditure, Claims The State Government Spent N223 Million, Not a Billion, on Q3 Feasts

Abia State Government Clarifies Expenditure, Claims The State Government Spent N223 Million, Not a Billion, on Q3 Feasts

GovernMend Nigeria November 20, 2023 0
BF Borgers, an accounting firm owned by former US President Donald Trump, has been accused by the Securities and Exchange Commission (SEC) of engaging in widespread fraud and operating a “sham audit mill.” The SEC alleges that BF Borgers committed “deliberate and systemic failures,” including the fabrication of audit papers and false assurances to clients regarding compliance with accounting standards.<br><br>This fraudulent activity, described as “massive,” occurred between January 2021 and June 2023, impacting over 1,500 SEC filings and more than 500 public companies. As a consequence, the SEC has permanently barred BF Borgers from practicing as accountants before the agency and imposed a severe penalty, including a collective fine of $14 million against the firm and its owner, Benjamin Borgers.<br><br>In a statement, Gurbir Grewal, director of the SEC’s enforcement division, declared that Borgers and his “sham audit mill” have been permanently shut down. The SEC has notified public companies that engaged BF Borgers to seek new accounting firms.<br><br>Trump Media & Technology Group, chaired and majority-owned by Donald Trump, was among BF Borgers’ clients. While Trump Media may be the most high-profile client, BF Borgers served around 350 clients subject to SEC rules during the mentioned period. However, the SEC review only examined BF Borgers’ work for public companies, excluding its services to Trump Media when it was private.<br><br>Trump Media, despite its significant valuation on Wall Street exceeding $9 billion, generates limited revenue. Its social media platform, Truth Social, faces challenges, with a notable decline in average daily active US users on iOS and Android in April. Despite this, Donald Trump remains a prominent user on Truth Social.<br><br>In response to the SEC’s actions, a spokesperson for Trump Media expressed readiness to collaborate with new auditing partners in compliance with the SEC’s order. BF Borgers did not provide a comment on the allegations.<br><br>In summary, BF Borgers, owned by Donald Trump, faces severe consequences following accusations of fraud by the SEC. The firm’s practices, characterized as a “sham audit mill,” have led to permanent suspension and hefty fines. Trump Media, among BF Borgers’ clients, is navigating challenges despite its substantial valuation, particularly with its Truth Social platform experiencing a decline in user engagement.

BF Borgers, an accounting firm owned by former US President Donald Trump, has been accused by the Securities and Exchange Commission (SEC) of engaging in widespread fraud and operating a “sham audit mill.” The SEC alleges that BF Borgers committed “deliberate and systemic failures,” including the fabrication of audit papers and false assurances to clients regarding compliance with accounting standards.

This fraudulent activity, described as “massive,” occurred between January 2021 and June 2023, impacting over 1,500 SEC filings and more than 500 public companies. As a consequence, the SEC has permanently barred BF Borgers from practicing as accountants before the agency and imposed a severe penalty, including a collective fine of $14 million against the firm and its owner, Benjamin Borgers.

In a statement, Gurbir Grewal, director of the SEC’s enforcement division, declared that Borgers and his “sham audit mill” have been permanently shut down. The SEC has notified public companies that engaged BF Borgers to seek new accounting firms.

Trump Media & Technology Group, chaired and majority-owned by Donald Trump, was among BF Borgers’ clients. While Trump Media may be the most high-profile client, BF Borgers served around 350 clients subject to SEC rules during the mentioned period. However, the SEC review only examined BF Borgers’ work for public companies, excluding its services to Trump Media when it was private.

Trump Media, despite its significant valuation on Wall Street exceeding $9 billion, generates limited revenue. Its social media platform, Truth Social, faces challenges, with a notable decline in average daily active US users on iOS and Android in April. Despite this, Donald Trump remains a prominent user on Truth Social.

In response to the SEC’s actions, a spokesperson for Trump Media expressed readiness to collaborate with new auditing partners in compliance with the SEC’s order. BF Borgers did not provide a comment on the allegations.

In summary, BF Borgers, owned by Donald Trump, faces severe consequences following accusations of fraud by the SEC. The firm’s practices, characterized as a “sham audit mill,” have led to permanent suspension and hefty fines. Trump Media, among BF Borgers’ clients, is navigating challenges despite its substantial valuation, particularly with its Truth Social platform experiencing a decline in user engagement.

GovernMend Nigeria May 4, 2024 0

BF Borgers, an accounting firm owned by former US President Donald Trump, has been accused by the Securities and Exchange...

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