General Electric stock tanks as Madoff whistleblower alleges $38bn fraud
(The Guardian Business News)

Harry Markopolos accuses GE of misleading investorsSays company hiding losses and heading for bankruptcyGeneral Electric´s stock is tanking after the release of a report claiming the company has been misleading investors.Investigator Harry Markopolos accused GE Thursday of engaging in accounting fraud worth $38bn. He said GE is heading for bankruptcy and is hiding $29bn in long-term care losses. Continue reading...