Plot twist, the accounting firm is a shell company setup by trump to do audits for him and other unsavory characters who want their shady business deals to pass with the thinnest veneer of auditing.Nothing to see here, this is totally normal:
The man who audited Trump's social media company misspelled his own name in 14 different ways: FT
Ben F Borgers used 14 variations of his name in regulatory filings, including ones like Blake F Borgers and Ben F orgers.www.businessinsider.com
Absolutely shocking, the party of checks notes “personal responsibility” once again refuses to take responsibility for the foreseeable consequences of their actions. The half assed financial statements released prior show a business that is a money losing shit show and it’s more than likely even those horrible numbers are fraudulent.Devin Nunes, the current Trump Media CEO blames the plummeting stock price on Joe Biden conspiring with Wall Street to make his life hell.
I assume the senile Joe Biden and crackhead Hunter Biden are engaging in this elaborate scheme by trading DJT stocks back and forth, charging each other progressively lower prices on each trade?
It’s easy to drive up the price of a stock; just keep offering more and more money until people decide to take their profit by selling to you. But how does one unilaterally drive the price down? The usual way is to spread rumors of the company’s demise, but these “Hundreds of thousands” of MAGA investors shouldn’t be believing the rumors that Trump sucks as a businessman, right?
It's just the first dead cat bounceWelp, it's climbed markedly. From a low of just below 23 on 4/16 to just over 45 today.
I'm guessing just like a mega church, true believers are pumping their life savings into this because of their feels. Only question is, when will the bottom drop out again?
In what should come as a surprise to no one, SEC has charged BF Borgers with "massive fraud" and permanently banned them as serving as an accountant. Links widely available on news site of your choice.
LOL:In what should come as a surprise to no one, SEC has charged BF Borgers with "massive fraud" and permanently banned them as serving as an accountant. Links widely available on news site of your choice.
The auditor, BF Borgers CPA and its owner Benjamin Borgers agreed to pay a combined $14 million in civil penalties, without admitting or denying the allegations, the SEC said.
Yeah, say what you will about the stock market, but it is ultimately pretty a pretty efficient supply and demand market. If you push stock down too low, more people will buy driving the price up. Just no one thinks it is a serious company/stock and a lot of people got in to ride the hype bubble and then sold out.Devin Nunes, the current Trump Media CEO blames the plummeting stock price on Joe Biden conspiring with Wall Street to make his life hell.
I assume the senile Joe Biden and crackhead Hunter Biden are engaging in this elaborate scheme by trading DJT stocks back and forth, charging each other progressively lower prices on each trade?
It’s easy to drive up the price of a stock; just keep offering more and more money until people decide to take their profit by selling to you. But how does one unilaterally drive the price down? The usual way is to spread rumors of the company’s demise, but these “Hundreds of thousands” of MAGA investors shouldn’t be believing the rumors that Trump sucks as a businessman, right?
So it's a meme stock for the cult?Yeah, say what you will about the stock market, but it is ultimately pretty a pretty efficient supply and demand market. If you push stock down too low, more people will buy driving the price up. Just no one thinks it is a serious company/stock and a lot of people got in to ride the hype bubble and then sold out.
DWAC doesn't exist anymore, it's DJT now and slightly down so far today .LOL:
They had more than 1500 filings. Probably made hundreds of millions off the books in the process. Oh and DWAC up 35% on the day as of this writing. Crime pays I guess.
LOL:
They had more than 1500 filings. Probably made hundreds of millions off the books in the process. <redacted>. Crime pays I guess.
And they are perms banned and have to pay a 14 million dollar fine
The SEC press release indicates that the consent settlement is just for the company known as BF Borgers, and its owner Benjamin Borgers. All the fine folks at the firm could reform as "BF Borgers 2" tomorrow, and continue business completely unchanged - with the lone exception that Mr. Borgers could not sign off as an accountant on any submissions to the U.S. SEC.When the SEC bans "them", do those bans stick with the main culprits in the company, or just the business entity itself? Not sure I'd call them executives, but I'd hope they'd be individually accountable. Not holding my breath on that.
I'm just curious if they can circumvent that ban by liquidating and restructuring/re-forming the company under a new name.