Alt5 Sigma, a crypto company affiliated with the Trump family, fired its auditor who had been hired for less than three weeks.
PANews reported on December 30th, citing Bloomberg, that Alt5 Sigma, a small fintech company linked to the Trump family's crypto projects, fired its auditor, Victor Mokuolu CPA PLLC, on Christmas Day, less than three weeks after hiring him, marking the latest sign of turmoil within the company. According to regulatory filings submitted Monday, its new auditor is LJ Soldinger Associates LLC, headquartered in Deer Park, Illinois. Victor Mokuolu CPA PLLC confirmed in a letter attached to the regulatory filing with the SEC on Monday that he is no longer the company's auditor, consistent with Alt5's announcement.
Alt5 has hired LJ Soldinger Associates as its auditor, marking the third time the company has changed auditors in less than two months. According to documents, Hudgens CPA, who had been auditing Alt5 since 2023, resigned in late November due to the impending retirement of its sole partner. This followed Alt5 missing its quarterly financial statement deadline due to the audit firm's slow response. William Hudgens, the firm's managing partner, stated on Monday that he was not retiring, but the firm was planning to withdraw from publicly traded company auditing and had informed Alt5 of this plan in June. In early December, Hudgens also claimed that the company unfairly scapegoated its firm for internal problems.
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