The Market Ticker - So What About This?
Hmmm…. there was a guy out yesterday morning alleging that GE has an accounting fraud problem — worse than ENRON.
General Electric shares fell more than 11% Thursday after Madoff whistleblower Harry Markopolos targeted the conglomerate in a new report, accusing it of issuing fraudulent financial statements to hide the extent of its problems.
A website has been set up to disseminate the report, www.GEfraud.com, where Markopolos calls it “a bigger fraud than Enron.” The financial investigator, who was probing GE for an unidentified hedge fund, writes that after more than a year of research he has discovered “an Enronesque business approach that has left GE…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=236612
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