---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-001791"
form_type: "8-K"
ticker: null
cik: "0000825322"
company_name: "MPHASE TECHNOLOGIES, INC."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:22:53.789807+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# mPhase Technologies dismisses auditor, forms special committee to investigate former CEO for alleged fraud

## Summary
- Dismissed Boyle CPA as auditor; appointed Prager Metis CPAs for FY2022 and FY2021 audits effective Nov 22, 2022.
- Board formed special committee on Jan 4, 2023 to investigate former CEO Anshu Bhatnagar for alleged fraud and misappropriation.
- No disagreements with Boyle CPA; their reports included going concern modification.
- Special committee review ongoing; company aims to re-establish timely financial reporting.

## SEC filing metadata
- accession: 0001493152-23-001791
- form_type: 8-K
- cik: 0000825322
- company_name: MPHASE TECHNOLOGIES, INC.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/825322/000149315223001791/0001493152-23-001791-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/825322/000149315223001791/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-001791
- JSON: https://secwatch.observer/filing/0001493152-23-001791.json
- Plain text: https://secwatch.observer/filing/0001493152-23-001791.txt

## Key facts
- Auditor Changes
  MPHASE TECHNOLOGIES, INC. dismissed Boyle CPA, LLC as its auditor.
  - Action: dismissal
  - Auditor: Boyle CPA, LLC
  - Successor: Prager Metis CPAs, LLP
  source text: On November 22, 2022, the Board of Directors (the “Board”) of mPhase Technologies, Inc. (the “Company”) approved the dismissal of Boyle CPA, LLC (“Boyle CPA”) as the Company’s independent registered public accounting firm to audit its consolidated financial statements for the fiscal year ending June 30, 2022, with such dismissal effective as of November 22, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/825322/000149315223001791/0001493152-23-001791-index.htm
- Auditor Changes
  MPHASE TECHNOLOGIES, INC. engaged Prager Metis CPAs, LLP as its auditor.
  - Action: engagement
  - Auditor: Prager Metis CPAs, LLP
  source text: Furthermore, on November 22, 2022, the Board of the Company approved the appointment of Prager Metis CPAs, LLP (“Prager Metis”) as the Company’s independent registered public accounting firm to audit its consolidated financial statements for the fiscal years ending June 30, 2022 and 2021, effective November 22, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/825322/000149315223001791/0001493152-23-001791-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.