General Electric plunges after being accused by short-seller of perpetrating a massive accounting fraud

Credit: Proactive Investors- Published on August 16, 2019
Shares in US industrial conglomerate General Electric Company (NYSE:GE) plunged 11.3% yesterday to close at US$8.01 following accusations from a noted short-seller of โ€œaccounting fraudโ€. Harry Markopolos, best known for being one of the first people to blow the lid off the Bernie Madoff Ponzi-scheme, published a 170-page...

Video credit: WBZ CBS Boston
Published on August 16, 2019 -  00:25
Boston-Based General Electric Suffers Worst Stock Drop In 11 Years
General Electric fought back Thursday night after the company was accused of fraud and its stock experienced its worst one-day percentage drop since April 2008. Katie Johnston reports

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