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One of America’s Most Iconic Names Is Facing Fraud Allegations: Here’s What Investors Should Know
By Dr Wealth  •  September 5, 2019

Once the company that was famous for great management, Nobel prizes and manufacturing light bulbs, General Electric (NYSE:GE) is staring down a recent report by Harry Markopolos alleging that the company is hiding its financial issues for years and is about to collapse.               

Share price of GE tanked as much as 14% upon the release of the report, which Markopolos alleged that GE is committing fraud “bigger than Enron and Worldcom combined”.

Yahoo Finance

It’s hard to determine who to believe at this point and investors are still unclear what to do with the information. Hence, we are going to go through everything you need to know about these fraud claims and the implications for the market if the report is true after all.

Performing a detailed analysis of the short report is impractical both because of the depth and range of the report, so I shall attempt to

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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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