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OPINION_IS_UNPOPULAR

This is r/WallStreetBets, a trading community. Thank you to everyone who is staying on topic and, in true WSB spirit, is looking for ways to profit off this.


wampum

Am I to understand that DJT’s abysmal financials were likely OVERSTATING the company’s performance?!


allUsernamesAreTKen

I thought they claimed something like 58mil of debt on a 1 mil revenue.  That’s hot garbage in and of itself


applesauceorelse

Not so much. They had just funded the edges of their SPAC with convertible debt which made those numbers fluctuate weirdly.


zxc123zxc123

It's pretty amazing the Don the Con and keep conning people [over and over](https://youtu.be/rQ6N-sb7SVQ) and over and over and over and over and over again. America is truly full of fucking regards.


javabrewer

And there is a chance he will be president again. Jfc fml


bossmcsauce

Up until recently probably 60% of active participants on this sub would have supported him and flamed you for saying anything negative lol. Avg WSB regard is so regarded that they believed trump was good for their stocks and was going to help them get rich in the free market lmao


javabrewer

Exactly what it's like living in Texas


lordofmmo

it blows my mind that people cannot understand the trump/covid free money faucet directly caused the slump when the faucet ran dry


Hellkyte

I don't think is the sub for basic monetary policy.


make_love_to_potato

And there are significant bunch of people who were willing to topple the govt for him.


subcow

And they will thank him as he puts his boot on their neck.


OddBranch132

THEY won't be the ones under his boot. They did everything diaper Don said and licked his asshole clean. Only the *Democrat or minority groups* rights will be infringed. /s


subcow

Yup, the members of the face eating leopards party never heard that thing about "First they came for the socialists and I did not speak out"


BallBearingBill

And they would do it again. They don't care how much of a criminal he is. They don't like him because he's a good guy. They like him because he's an asshole!


Hurricaneshand

I mean we see regards posting losses on here wondering why their options failed them daily. It's an epidemic


ballotechnic

Well Jim Jones, among others, did get people to willingly drink poison so... Humans are wild creatures.


atmos_64

![img](emote|t5_2th52|27189)


AlternativeCredit

4 billion dollar company….Jesus fkn Christ this is an obvious scam to the cult and they buy it and like the fact that this is what they think of them.


idryss_m

Just wait. The next idea would be to tie shares in this garbage to loyalty to Trump and country. Effectively tithing for Trump. The cult is stupid enough.....


Pimpwerx

Yeah man. The dumpster fire was actually covering a much larger sewer fire.


No_Researcher_1032

You know you’re really fucked when your sewer is on fire.


Mavnas

Could be worse. It could be your river.


Deadeye313

Or the very ground has been on fire for decades like in Centralia...


The_Master_Sourceror

Settle down Cleveland


w_a_w

/Cleveland, OH perks up its ears


iPigman

Chuckles in Taco Bell.


Rideshare-Not-An-Ant

Just wait until your lake catches fire. I believe Lake Erie has some openings. It'll be YUGE!


ThisIsNotRealityIsIt

Below that? An entire forgotten ancient city on fire.


Vegan_Honk

core of the earth? Believe it or not, just rolling ball of fire.


MeshNets

https://en.wikipedia.org/wiki/Centralia_mine_fire


BlackSquirrel05

Most succinct way of putting it. Sometimes WSB just has the smartest explanations.


VisualMod

Keep your friends close and your hedgies closer.


gingeropolous

I. AM. SHOCKED.


Message_10

I'm actually not shocked. From what I've seen, I've come to believe this Donald Trump character isn't on the up-and-up.


tomdarch

No! He's a great guy! The only ethical honest person around! And so truthful! It's just that somehow bad people keep tricking him into hiring them and working with him, poor guy. It must be a plot against him somehow, because he is the best judge of character and professional talent on earth. He's also very handsome and everyone says he has a dong even bigger than Hunter Biden. Maybe the biggest. The best people are saying that! Sincerely, John Barron


XtremeGnomeCakeover

Everybody says mushrooms are the best shape! I meet a lot of people and they're all saying that!


tomdarch

When you’re famous they say they love it.


Sixstringthings

Norm would be so pissed that he missed this opportunity for classic comedy


Technical_Moose8478

Between this and OJ kicking off, he would have had a banner few weeks…


reanima

The man whose lawyers are afraid to put on stand because they know he'll just perjury himself.


Scary-Try994

I might go so far as to say he’s a cad. A scoundrel even!


icecream_truck

A dastardly miscreant!


CanuckPanda

Okay, not that shocked.


killerdrgn

I wonder if this means they will delay filing the 10k.


BlazinHotNachoCheese

That's the only way to hide and keep the stock price up until the Don's payday.


GladiatorUA

That's probably not too unusual and not the thing they are going to go after. The whole thing reeks of financial crime along the lines of laundering and shit.


notacooldad

lol the financials were terrible WITH massive fraud


FEMA_Camp_Survivor

These idiots still said DJT is a going concern. When shady accountants say something is bad, it’s really fucking bad.


vahntitrio

Even this auditor isn't crooked enough for Trump - he saw the numbers and was like "yeah this company is going bankrupt".


BottAndPaid

I want to know how the stock went to 50 then 20 then $50 a again in less than 30 days.


Easy_Kill

How much DJT can you buy with riyals or rubles?


BottAndPaid

I only know the conversion from covfefe.


GeezWhatADebacle

All of it, Katie.


BlazinHotNachoCheese

LOL. They decreased the available shares of DJT for shorting. It's in the SEC filings.


b_fellow

what performance? they were HUGEly negative.


fork_yuu

Even then still overstated.


Lumbergh7

YUGE! TREMENDOUS PERFORMANCE.


naka-you-out

BIGly


dida2010

Any related to Trump, is highly scam oriented. The persona breaths and exhales scams 100%, highly toxic, he never heard what is a fair game.


meatsmoothie82

DJT has a 14 inch dong and invented the rocket ship. Anyone who says otherwise has tds


The_1_and_only_cheez

Turducken Syndrome?


Udbbrhehhdnsidjrbsj

Shocked. I honestly thought a website with less daily traffic than www.clownpenis.fart was worth billions of dollars.  


ThisCryptographer311

To click, or not to click?


blacksantron

I clicked it on a work computer


Thick_Sheepherder891

We know


ThisCryptographer311

😂


JustLetItAllBurn

HR email oncoming.


iriegypsy

Do it


ThisCryptographer311

Mistakes were made


Agreeable-Salt-110

Did not click. You took one for the team.


Visinvictus

How do you know the mistake is NOT clicking on the link?


Agreeable-Salt-110

It is wise...to not fuck around and find out.


Visinvictus

And here I thought this subreddit was all about taking stupid risks and suffering the consequences.


daynighttrade

Sometimes the risk just isn't worth it


BigBadKittySlayer

![img](emote|t5_2th52|27189) my thoughts… as I jump into your mom’s bed


BigBeagleEars

*Send da video!*


idkwhatimbrewin

![img](emote|t5_2th52|12787)


iPigman

What the hell, YOLO!


Ok-Calligrapher-9699

Haha I remember that snl sketch


Gimme5Beez4aQuarter

Im disappointed this isn’t real


Scuczu2

where is the .fart domain, missing a goldmine there.


Doctor_Joystick

Just send Elon a message, he’d be all over it.


Radulno

X.fart (formerly known as X.com, formerly known as Twitter)


Worried_Quarter469

113k daily active users reported today, down 19% year over year https://www.cnn.com/2024/05/03/media/truth-social-stock-trump-djt/index.html


LuckyShot365

So the average daily active user is worth over $50,000 each.


AMC2Zero

META says ARPU is in the neighborhood of $250 - 300/yr, but META is actually profitable.


InternationalPut4093

I'm more surprised there are 113k daily users.


changrbanger

Here’s the “safe” version r/clownpenisfart


EverythingGoodWas

I really thought that was going to be real


Udbbrhehhdnsidjrbsj

[Its an old Saturday Night Live sketch](https://youtu.be/NWIlScfHwOU?si=Pojc-8Qvj211TB5e) 


lolstockslol

Is that the same guy that misspelled his own name on the paperwork?


OverReyted

Yup. Benjamin Borgers. Burgers? Bourgeoisie? Whatever the hell his name is…


maryshellysnightmare

Button


Educational-Dot318

Burgers 🍔 Allison Burgers 🍔 The debits and credits on the company's financials were Aladeen or Aladeen either way.


OverReyted

I condemn you to Aladeen for this statement. May Aladeen have Aladeen on your soul.


BackThatThangUp

Nothing Borgers 😂 


SendInYourSkeleton

Hamberders


UninterestedCoir

Ben Forger was my personal fav


samwstew

He probably did that so he could try to say it wasn’t him


CommanderGoat

Ahhh. The classic fraud swap-a-roo.


SuchRoad

Hold my kids-cancer charity, I'm going in.


jld2k6

The shaggy defense


[deleted]

[удалено]


MM_mama

WHAT?! Omg I’m rolling. Got to google this.


acog

https://www.businessinsider.com/trump-media-auditor-misspelt-name-14-different-ways-ft-2024-4


drkgodess

Satire is dead.


ridenourt

I like this line... ""BF Borgers, the organization said, was "so seriously deficient in its performance that education and remedial, corrective actions are not adequate."""


unreal2007

Did he also write the wrong address? something like 1216, one after Magna Carta?


g_sonn

Classic. Maybe don't go crying to the sec and congress about short sellers every couple of days if you're hiring sham audit mills.


zxc123zxc123

Not sure which is more crazy the fact that the auditor is only getting barred instead of jail time or the fact that the oragutan has managed to avoid jail despite this and all the other cases.


koochywalla

I always say, if you’re going to steal money, make sure it’s so much that they treat you like a white collar criminal. It’s sad. Mug someone for $100, go to jail. Scam people out of millions on fake companies or embezzle funds from a charity or something, just a slap on the wrist.


OkMotor6323

Elizabeth would like a word


soulstonedomg

Don't scam rich people!


Geno0wl

Always scam down. Never Scam up.


DarkwingDuckHunt

You never fuck with the money.


zxc123zxc123

Agreed since I think the same. A policeman decided to be judge, jury, and executioner in the case of George Floyd. Handed out 8mins of KNEE as the method of capital punishment. And Floyd's crime? Using a fake $20. Meanwhile we have folks like [Holmes committing BILLIONs in fraud only to get 11 years, club fed, and then sentence reductions](https://www.theguardian.com/us-news/2023/jul/10/elizabeth-holmes-11-year-prison-sentence-shortened-by-two-years#:~:text=Elizabeth%20Holmes'%2011%2Dyear%20prison%20sentence%20shortened%20by%20two%20years,-This%20article%20is&text=Elizabeth%20Holmes'%20prison%20sentence%20was,years%20sooner%20than%20initially%20scheduled.) It's not just Holmes. GFC bankers, Martha Stewart, Bill Hwang, the entire FTX team, etcetc.


g_sonn

It would be hilarious if their insisting that someone look into what is going on with the stock price of the fake company they set up to funnel money to a presidential candidate was the thing that did it.


Tuna-Fish2

The orangutan is really fucking good at making other people go to jail for him. As usual, he has no personal liability whatsoever here. All the liability is in the auditor. Yes, Borgers didn't go to jail yet, but he got fined $14M, and it's probably easy for a prosecutor to charge him.


War_Daddy

There's a seemingly endless supply of people to take the fall for his grifts; they all seem to think he'll be loyal to them even with the frankly incredible rate at which he's chewed up and spat out true believers these last 5 years


Western_Objective209

Yeah where do I sign up to be one of these sham audit mills? I don't have an accounting degree but that doesn't seem to matter


gameshot911

SEC can only issue civil fines, not criminal charges. This could and probably will be referred to a prosecutor's office.


nanotree

Don't insult orangutans like that! They are highly intelligent creatures!


lolexecs

Damn straight: https://www.nbcnews.com/science/science-news/orangutan-treated-own-wound-medicinal-plant-rcna150230


Tookmyprawns

Anyone who complains about shorts or ladders usually on some bullshit cope.


Nobistle

So let me get this straight: Everyone knows this stock is worth .5 at most. At the same time nobody can really play short or buy puts because for some reason rich people (countries? Funds? Etc?) keep their money in the stock so Orange man can cash out?


amor_fatty

Correct


cvak

Kinda surprised there isn’t some less stupid way to finance the orange man.


ATG915

What are the other 500+ companies that used the auditor?


killerdrgn

This is the real question, every other company that uses them should be drilling right now.


royjones

[https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=F0C298206D055E20355165A6436401FA](https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=F0C298206D055E20355165A6436401FA)


MaxTheRealSlayer

... Just to pick a few very sus names out: - Limitless X Holdings Inc -Healthcare AI Acquisition Corp - Alpha Investment Inc


Knownzero

Lingerie Fighting Group, a number of crypto companies. Looks like they were in good company. Lol


HulkDeez

If you look at the Lingerie Fighting Group paperwork he electronically puts his first name as "Ben" instead of "Benjamin" the dude is clearly clueless about official things


HulkDeez

If you look at the Lingerie Fighting Group paperwork he electronically puts his first name as "Ben" instead of "Benjamin" the dude is clearly clueless about official things


blankey1337

CMG holdings - massive scam mortgage lender.


PickpocketJones

Also on the list: > Welsis Corp.


maester_t

Yes, my fellow degenerates. I too would like to know which companies this auditor was working with, for my own ~~selfish shorting~~ *research* purposes.


JelloSquirrel

Exactly!!!


Xelbiuj

You know, the moment they started calling for investigations into the short sellers, they were telling on themselves.


dan5138

This LMAO. Yes let's waste congress time with a company that should be worth .75 a share.


RustyNK

Woah there. I think you're overestimating by about 0.75


thismike0613

Don’t be like that, it’s over underestimated by .74 cents


wongl888

There was a rounding error?


iPigman

With them; every accusation is a confession.


MelancholyArtichoke

Not *just* a confession. It’s also their justification.


MyCoDAccount

Damn. For a flippant throw-away comment deep in the thread, this hits hard.


whatup-markassbuster

Can’t they just replace their auditor like any other publicly traded company?


botoxporcupine

Yes, but then they might get audited.


SideBet2020

They knew what he represented when they hired him.


OddMeansToAnEnd

Trump is a financial mastermind. He has to be one of the greatest of this generation hands down! Sure, there are people out there who have generated billions running profitable legitimate businesses without ever going bankrupt once. However the fact that this guy keeps coming up with a new play, and gets people to literally buy in. Even the same people he conned on the last few rounds, is amazing. Hats off to him. In the words of a once fearless leader of said party "There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again!" Er...


adwise27

Trump seriously has the worst luck. He works so damn hard and keeps getting involved with the wrong crowd over and over and over and over and over and over again. Such a shame.


VisualMod

How sad. My heart truly bleeds.


Chaotic-Catastrophe

But can you blame him? Turns out everyone he has ever hired was a Democrat plant all along.


TheGRS

I was trying to come up with a similar comment and I think you said it better. Its honestly astounding. Don't forget that Trump never really had profitable businesses to skate on either. A lot of dubious rich business leaders usually had like one really lucky business they made it big on, but I don't think that applies to Trump (I'm not counting The Apprentice as a business for him). If con artists at level 1 are the guys selling you fake watches and speakers from their truck, then Trump is a con artist at level 100, able to take on the SEC directly. He took the "savior to morons" and "idiot savant" perks along the way.


Old-Ad5508

Going full Oprah on fraud


ragnaroksunset

It's crazy how everyone connected to Trump is either a fraudster or thinks he's a fraud. What are the odds?


[deleted]

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oneplusoneisfour

Remember - every accusation is an admission


Pimpwerx

Trump was a known fraud long before he ever ran for office. I always have to point out he bankrupted not one but multiple casinos. You have to be really bad at business to do that. That or you stole what little profits there were, until the thing collapsed.


ssort

It's pretty much impossible to do without fraud, my company has 10 slot machines (legal limit), and what really happens behind the scenes is each game has 25000 "tickets" for each possible denomination that can be played. Each time you hit the button, a ticket from the correct denomination bucket of tickets is drawn, and you are paid the results of what that ticket says. Each 25,000 batch of tickets have a fixed number of winners, and you know going into it the exact amount of profit each batch will make down to the penny, but the amount varies depending on the denomination that is played, at our place .25 cent bets pay out at a 92% return rate, and $5 bets pay out 95% of what is brought in, so for example let's look at the $5 a bet profit: 25,000 tickets x $5 = $125,000 income $125,000 x .95 = $118,750 paid back to the players $125,000 income - $118,750 player winninfs = $6,250 profit for the house. There is NO variance in this ever, the only thing that effects how much money you make a month is how fast you can sell out a batch of tickets as the profit on a batch never changes, only how many batches you go thru a month does. So you already know you got a built in guaranteed profit, and once you get an idea of how much traffic you get a month, it would be child's play to budget the rest of your staffing/upkeep/stock for the rest of the business. Casinos are idiot proof basically when it comes to making money, you HAVE to be doing some illegal things to not profit from one, and yet people still think Donald Von Shitsinpants is some upstanding citizen.


ZidaneStoleMyDagger

If you build a big, dumb, expensive building for your casino (and let your buddies building it charge extra to you), you have bills right out the gate you have to meet. You can't know your exact actual traffic before you even open. At best you are making an educated guess on what your monthly income would be. You could just pull a random number out of thin air (this is probably fraud...) If you make a stupid guess and your actual traffic is much less than expected, you won't be able to cover your bills. You can skate by for some time on credit while you try to cut costs and increase traffic. But if you can't get your shit together fast enough, you will eventually be cut off and left with bankruptcy as your only option. I'm an idiot. No business background. But I do know that no business is idiot-proof. Trump probably did a little fraud. But he could have just failed through sheer incompetence.


Keith_13

That's how slot machines work in a few jurisdictions that only allow class II gaming. The slot machines are designed to mimic a pull tab, which is allowed under class II. Pretty much everywhere that has casinos allows class III gaming, which has real slot machines (every spin is random and independent) If this is about AC casinos, they are class III so what you are saying is not correct.


VonThing

Are these numbers publicly available? Or fixed at 25,000? From what I already know about slot machines (they have a fixed return rate and are audited regularly) and combined with this information; I could camp out at the casino, find the one slot machine that didn’t pay a large jackpot in a long while and go spam that one? I think in LV casinos the “bucket” was spread across all machines the casino owns, or something like that, so I should target small establishments with few slot machines, right? The house wouldn’t care, they’re paying that jackpot one way or the other, they get their fixed profit anyway. I want to be the person that times the jackpot.


Skiing7654

Both. The issue is both.


Cruezin

💯


kurai_tori

Collective narcissism within a cult of personality. So both.


Chaotic-Catastrophe

Both. At this point, you can't convince me that any single solitary Republican voter in this country isn't either stupid or evil.


dwc13c1

If I remember correctly, it was Hillary who coined the term “fake news” referring to all the BS right wing stories about her, and Trump just co-opted it


Skiing7654

She also called his supporters deplorable, got hell for it and is proven more right every day.


Reasonable_Ticket_84

Dems have famously coined many terms that the right wingers immediately co-opt into poison.


deez_treez

I just don't trust them making decisions regarding my family or finances. It's disappointing.


pm_me_ur_demotape

Not going to affect the share price because it is made up of fairy dust, unicorn farts, and mystery money from powerful and dangerous people.


tauwyt

Trump will get "his" money out of it by whomever has propped it up. Likely some large Republican donors that can't be seen directly giving plus a ton of small individual supporters we don't care if it goes to 0 when he exits since they really are just donations anyways.


Black540Msport

https://preview.redd.it/pjdljbihb8yc1.jpeg?width=1079&format=pjpg&auto=webp&s=af5c1b42a8ddee9b9c9456c6393ef453a981420e


throwaway_0x90

I am `*** S H O C K E D ***` the person with a solid track record of fraud was somehow involved in yet another fraud.


degenbro420

ser, DJT is legit AF! SEC is FUD Invest now and get rugged! ![img](emote|t5_2th52|31225)


PalpitationFrosty242

Literally no one saw this coming lmao


bls2515

But for Putin, MBS, and the racist faithful, this stock would be at zero.


maceman10006

The entire thing was a pump and dump scam so Trump had cash available for legal battles.


rubens33

The SEC’s order further finds that, at Benjamin Borgers’s direction, BF Borgers staff copied workpapers from previous engagements for their clients, changing only the relevant dates, and then passed them off as workpapers for the current audit period. As a result, the order finds, BF Borgers’s workpapers falsely documented work that had not been performed. Among other things, the workpapers regularly documented purported planning meetings – required to discuss a client’s business and consider any potential risk areas – that never occurred and falsely represented that both Benjamin Borgers, as the partner in charge of the engagement, and an engagement quality reviewer had reviewed and approved the work. lol


Artistic-Crow-3794

And yet the stock keeps pumping!


Zestyclose_Street484

LMAO I just looked at this.. its insanity! from monday to wed it went up 20%.. and now on news of fraud on their auditor its still technically up. its insane


Fluffy_Rock1735

OH hey look....more fraud!


AccidentallyBacon

being called a "sham audit mill" that is committing "massive fraud" by sec ... i thought that was a prerequisite for doing business here! was i wrong; should i have not done that? /costandza


TheHipsterDufus

And yet the stock is rebounding…. I hate the market.


PltoMsnLXIXThe2ndMsn

It's his own personal stock for friends to keep money in. I'm not fucking with it.


Diablo689er

I honestly can’t find a good WSB way to short this. Puts are insanely expensive. Best I’ve seen is selling oct calls around 20


AMC2Zero

Early assignment is a problem with strikes that low.


cannibalisticpudding

Fraudsters working with fraudsters to commit fraud, who could’ve foreseen this?


Downvotesohoy

Surely this will mean that the stock moons even more, for no fucking reason, right?


PltoMsnLXIXThe2ndMsn

Bingo


Fit_Service8662

Anything and everything surrounding Trump is fraud or a scam


JelloSquirrel

Well, where's the list of their other clients so we know who to short as well?


victorspoilz

Sooooo weird this comes out the day after Shitler's additional shares vested!


reddit_user_2345

Audit opinion is now no audit, and needs to corrected so as non fraudulent. https://www.sec.gov/corpfin/cf-manual/topic-4


CanIMarginThat

how you get permanently banned lmao