Trump's media group is facing significant financial control issues following audit fraud allegations, which has shaken investor confidence. The Trump Media & Technology Group (TMTG) disclosed weaknesses in its financial reporting, citing "significant deficiencies" in internal controls.
This revelation comes amid scrutiny of partnerships and transparency, raising concerns about governance standards, especially after its auditing firm was accused of fraud.
Investor anxiety is growing due to the escalating regulatory scrutiny and unresolved internal issues, drawing parallels to past corporate scandals like Enron.
Full story here: https://coincu.com/336889-trump-media-financial-reporting-issues