“‘Audit’ records show Cyber Ninjas went deep into debt, despite pro-Trump donations”

AZ Mirror:

Newly released documents by the watchdog group American Oversight show that the Arizona Senate’s partisan review of the 2020 presidential election in Maricopa County went over its proposed budget and spent more money than it had available to it. 

More than a thousand pages of records that were in the possession of Cyber Ninjas, the now-defunct Florida company the Senate hired to do the review, were released as part of an ongoing lawsuit. Until providing these records, Cyber Ninjas has refused to turn over documents, despite court orders to do so — and daily $50,000 fines that now total $4.3 million

Some of the documents released Tuesday include contracts between Cyber Ninjas and its many subcontractors who worked alongside Cyber Ninjas CEO Doug Logan. The documents offer insights into the scope of work and the amount of money offered to each subcontractor for their work on the so-called “audit.” 

Previously, Cyber Ninjas had released some information about the groups who had funneled money into the “audit” effort, which amounted to approximately $5.7 million from pro-Donald Trump groups. 

A document prepared by an unnamed independent accountant showed that those funds were not able to cover the operating costs of the audit which came in at approximately $8.8 million, the bulk of which was $5.2 million in payroll and labor. The report cited a loss of more than $2.1 million for Cyber Ninjas, though the accounting firm noted that Logan failed to submit balance sheets, statements of cash flows and other documents ordinarily included in financial statements. 

As of Sept. 15, 2021, the accountant’s report also notes that Cyber Ninjas owed “audit” subcontractors more than $1.9 million.

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