secwatch.observer — SEC 8-K summary
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Issuer:     MPHASE TECHNOLOGIES, INC. (—)
CIK:        0000825322
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001493152-23-001791
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825322/000149315223001791/0001493152-23-001791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825322/000149315223001791/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001791

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