'What he's alleging is a large-scale accounting fraud that totals about $38 billion worth over at General Electric,' reports CNBC's TheDomino. GE shares fell after Madoff whistleblower Harry Markopolos targeted the conglomerate in a new report.
General Electric shares fell after Madoff whistleblower Harry Markopolos targets the conglomerate in a new report, calling it "a bigger fraud than Enron.".
General Electric shares fell after Madoff whistleblower Harry Markopolos targets the conglomerate in a new report, calling it "a bigger fraud than Enron."Indonesia Berita Terbaru, Indonesia Berita utama
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GE Is New Target of Madoff WhistleblowerMadoff whistleblower Harry Markopolos alleges that GE’s cash situation is worse than disclosed and that GE needs to boost its insurance reserves. GE says the claims are false and misleading.
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GE shares drop after Madoff whistleblower Harry Markopolos raises red flags on its accountingGE confirmed the existence of the report in a statement to CNBC.
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Here's the full report calling GE 'a bigger fraud than Enron'These are the stocks posting the largest moves before the bell.
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GE tanks after a famous Madoff whistleblower says the company is committing fraud 'bigger than Enron and Worldcom combined'Accounting expert Harry Markopolos alleged the company is already hiding $38 billion in fraud, and called the figure 'just the tip of the iceberg.'
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GE tanks after a famous Madoff whistleblower says the company is committing fraud 'bigger than Enron and Worldcom combined'Accounting expert Harry Markopolos alleged the company is already hiding $38 billion in fraud, and called the figure 'just the tip of the iceberg.'
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Here's the full report calling GE 'a bigger fraud than Enron'These are the stocks posting the largest moves before the bell.
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