Organization

Prager Metis

Accounting firm; auditor of FTX.com’s group; settled SEC charges in September 2024.

2 links, 1 backed by primary records

Legal records

SEC v. Prager Metis

17 Sep 2024 Settled with U.S. Securities and Exchange Commission: $2M, negligence in its FTX audits and auditor independence violations, without admitting or denying; $745,000 civil penalty for the FTX action, $1 million and $205,000 disgorgement for the independence action 1 2

Connections 2

U.S. Securities and Exchange Commission 17 Sep 2024 $2M, negligence in its FTX audits and auditor independence violations, without admitting or denying; $745,000 civil penalty for the FTX action, $1 million and $205,000 disgorgement for the independence action Scholarship & press 1 2

Timeline 1 date

Proof 3 sources

Prager Metis Settles SEC Charges for Faulty FTX Audits, Violations of Auditor Independence Rule, Thomson Reuters Tax & Accounting, 18 Sep 2024. Scholarship & press
agreed to pay $1.95 million to settle two Securities and Exchange Commission (SEC) charges for negligence in auditing cryptocurrency trading platform FTX and for widespread violations of auditor independence rules, the commission announced on September 17, 2024.
SEC and Prager Metis Settle Charges Related to FTX Audits, PYMNTS, 17 Sep 2024. Scholarship & press
Prager Metis did not admit or deny the SEC’s findings, per the release.
Declaration of John J. Ray III in Support of Chapter 11 Petitions and First Day Pleadings, U.S. Bankruptcy Court for the District of Delaware (filed for the FTX debtors), 17 Nov 2022. Primary record
The audit firm for the Dotcom Silo was Prager Metis, a firm with which I am not familiar and whose website indicates that they are the “first-ever CPA firm to officially open its Metaverse headquarters in the metaverse platform Decentraland.”

Page history 1 change