You have accessed this news story:
OFS - GE rejects allegation that it is hiding losses from BHGE sale - August 2019
A market watchdog who helped expose Bernie Madoff’s Ponzi scheme accused General Electric of an accounting fraud that covers up billions in losses through its stake in Baker Hughes, a GE company. The conglomerate vehemently denied the allegations. Investors and financial analysts seemed largely to shrug off the allegations of deception. GE shares closed lower 11% on Aug. 15, when the report came out, but rose 10% the next day. “GE’s $38 billion in......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!