The tombeur of Madoff accused General Electric of fraud

A fraud larger than Enron and WorldCom combined... Harry Markopolos - the expert accountant, who, the first, denounced the fraud of Bernard Madoff - accused Gen

The tombeur of Madoff accused General Electric of fraud

A fraud larger than Enron and WorldCom combined... Harry Markopolos - the expert accountant, who, the first, denounced the fraud of Bernard Madoff - accused General Electric of having falsified its accounts to hide a gigantic hole of $ 38 billion. This represents more than half of the market capitalization of the american conglomerate, settled Thursday at $ 70 billion after the stock has plunged over 11% on Wall Street.

General Electric has used the same tricks as Enron, one of the largest american companies, which went bankrupt in December 2001

The whistleblower has established a record of 170 pages to reveal what he calls the "GEnron" check Box. According to him, General Electric would have used the same tricks as Enron, one of the largest american companies, which went bankrupt in December 2001 after attempting to hide their losses under accounting manipulation.

On the fifth wheel, the contracts of long-term care insurance sold to individuals by GE Capital, the financial services subsidiary of the group. Like other ...

Updated Date: 20 August 2019, 00:00

Kathleen Lees

Lees


Contact Details

You need to login to comment.

Please register or login.

RELATED NEWS