Trump Media Fires Accounting Firm Amid Fraud, Seeks Filing Extension

Trump Media has dismissed its accounting firm, BF Borgers, after allegations of 'massive fraud' surfaced. The decision, approved by the audit committee, comes as the company's stock, listed as $DJT, experienced a pre-market drop of approximately 2.7%. Subsequently, Trump Media has appointed a new auditor, a firm that audited only two public companies in 2023, both of which underwent name changes during the year. These companies had market caps of $13 million and $200 million respectively. This move has raised concerns about the credibility of the financial oversight at Trump Media. Additionally, Trump Media anticipates seeking a limited extension for its upcoming 10-Q filing.