【Forbes: Trump Media Technology Group Discloses Significant Internal Control Deficiencies in Financial Report】According to a report by Golden Finance, Trump Media & Technology Group (TMTG) disclosed in its latest filing with the U.S. Securities and Exchange Commission (SEC) that the company has "significant deficiencies" in the internal controls over its financial reporting, raising concerns among investors about the company’s financial transparency and governance structure. TMTG is the parent company of the social platform Truth Social, which has recently come under scrutiny due to financial losses and audit issues. It has been reported that the auditing firm BF Borgers, hired by the company, has been accused by the SEC of "significant fraud" for falsifying audit documents and violating auditing standards. Furthermore, Donald Trump Jr., who serves as a director of TMTG, received a salary of $813,000 last year, despite only attending two out of five company meetings. Meanwhile, TMTG reported annual sales of only $3.6 million, with a net loss of $401 million. Previously, it was reported that Trump Media Technology Group, Crypto.com, and Yorkville America Digital have finalized an ETF issuance agreement, with these funds expected to launch later this year.
