Trump family-linked crypto company Alt5 Sigma fires auditor hired for less than three weeks

PANews December 30 News, according to Bloomberg, a small fintech company associated with the Trump family crypto project, Alt5 Sigma, fired its auditor Victor Mokuolu CPA PLLC on Christmas Day, less than three weeks after hiring the auditor. This is the latest sign of turmoil for the company. According to regulatory filings submitted on Monday, its new auditor is L J Soldinger Associates LLC, headquartered in Deer Park, Illinois. In a letter attached to the regulatory filing submitted to the US SEC on Monday, Victor Mokuolu CPA PLLC confirmed that he is no longer the company’s auditor and that there is no disagreement with Alt5’s announcement. Alt5 has appointed L J Soldinger Associates as its new auditor, which means the company has changed auditors three times in less than two months. According to relevant documents, Hudgens CPA, which has been providing audit services since 2023, resigned in late November due to the upcoming retirement of its sole partner. Previously, Alt5 missed the deadline to submit quarterly financial statements because the auditing firm responded in a delayed manner. William Hudgens, managing partner of the firm, stated on Monday that he has not retired, but the firm is planning to exit the public company auditing business and had informed Alt5 of this plan in June. In early December, Hudgens also stated that the company unfairly regarded his firm as a “scapegoat” for internal issues.