GENERAL ELECTRIC LINKED TO USD38 BILLION ACCOUNTING FRAUD
August 1st, 2019
The whistleblower who highlighted the infamous Bernie Madoff Ponzi scheme is now pointing the finger in a new direction now, accusing General Electric (GE) of USD38 billion in accounting fraud. In a report called ‘General Electric, a bigger fraud than Enron’, Harry Markopolos contends US utility and electronics giant GE is heading for bankruptcy and accuses the conglomerate of hiding USD29 billion in long-term care losses.
According to the report, GE “has been running a decades-long accounting fraud” only providing top line revenue and bottom line ...
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