Crypto company Alt5 Sigma, linked to the Trump family, fires its auditor less than three weeks after hiring

PANews, December 30 — According to Bloomberg, Alt5 Sigma, a small fintech company linked to the Trump family crypto project, dismissed its auditor Victor Mokuolu CPA PLLC on Christmas Day, less than three weeks after hiring the firm. This marks the latest sign of turmoil at 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 it is no longer the company's auditor and stated there was no disagreement with Alt5's announcement.

Alt5's appointment of L J Soldinger Associates as its new auditor means the company has changed auditors three times in less than two months. According to related documents, Hudgens CPA, which had provided audit services since 2023, resigned in late November due to the impending retirement of its sole partner. Previously, Alt5 missed the deadline to submit its quarterly financial statements due to untimely responses from its audit firm. On Monday, managing partner William Hudgens stated that he has not retired, but the firm is planning to exit the public company audit business and had informed Alt5 of this plan in June. In early December, Hudgens also said the company unfairly made his firm a "scapegoat" for its internal issues.