The Truth Behind the Fraud Scandal Involving Donald Trump's Media Company

💼A Colorado auditing firm that worked for Donald Trump's media company has been banned from the securities exchange commission after being charged with massive fraud.

📃The auditing firm fabricated audits for more than 500 publicly traded companies, including Trump media.

💰The firm's owner took a deal and agreed to pay $14 million in fines and be permanently suspended.

🔍The SEC does not suggest that Trump media knew about the fraud, but the scandal is still impacting their market value.

📉After news of the fraud scandal broke, shares of Trump media fell nearly 10%.

What was the Colorado auditing firm charged with?

—The Colorado auditing firm was charged with massive fraud.

How many companies did the auditing firm fabricate audits for?

—The auditing firm fabricated audits for over 500 publicly traded companies, including Trump media.

What was the penalty for the firm's owner?

—The firm's owner agreed to pay $14 million in fines and be permanently suspended.

Did Trump media know about the fraud?

—The SEC does not suggest that Trump media knew about the fraud.

How did the fraud scandal impact Trump media?

—After news of the fraud scandal broke, shares of Trump media fell nearly 10%.

00:00The Colorado-based auditing firm for Donald Trump's media company has been banned from the securities exchange commission after being charged with massive fraud.

00:12The auditing firm fabricated audits for over 500 publicly traded companies, including Trump media.

00:24The firm's owner took a deal and agreed to pay $14 million in fines and be permanently suspended.

00:32The SEC does not suggest that Trump media knew about the fraud, but the scandal is still impacting their market value.

00:36After news of the fraud scandal broke, shares of Trump media fell nearly 10%.