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Fraud Investigator Accuses General Electric of Hiding $38-Billion in Liabilities. GE Says the Accusation Is A Fraud to Game Stock Prices
Markopolos’ report indicates that GE is locked into $38-billion in future expenses that it has not disclosed, which is over 40% of the company’s market capitalization. The company says the report itself is fraud because it was designed to plunge the price of GE stock so insiders could buy cheap and sell high later.
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