How the Man Who Nailed Madoff Got GE Wrong
Who’s right about GE?
Accounting sleuth Harry Markopolos believes GE is engaged in accounting fraud so vast that the storied conglomerate will soon be forced into bankruptcy. Markopolos was the lone person to sound the alarm on Bernie Madoff’s Ponzi operation, and gained fame and credibility by turning out to be spectacularly right, raising fears he could be right about GE as well.
General Electric, which boasts a new CEO and a board packed with accounting experts, insists that...