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General Electric, A Bigger Fraud Than Enron

https://www.gefraud.com/

At cnbc.com - Read the full report from the Madoff whistleblower accusing GE of an Enron-like fraud - PUBLISHED THU, AUG 15 2019

GE_Whistleblower_Report.pdf

All information contained within our Whistleblower Report was obtained from publicly available sources, most of which cost nothing to procure such as annual reports, Society of Actuary Reports, and news articles. The only paid data ources used were the National Association of Insurance Commissioners (NAIC) and the AM Best databases.
Each slide is extensively footnoted so that you can see what source document and page number each piece of information used comes from. This will allow you to duplicate our work and determine whether or not you agree with our forensic analysis. We have also provided a listing of all source documents used at the end of our presentation for your use.
This is a Whistleblower Report not Investment Research. We are not making any investment recommendation nor are we offering investment advice.
I want to express my sympathy to the one million people who count on GE for either salaries, healthcare, or pensions. Make no mistake, GE’s current and past employees are the victims here as are GE’s lenders, vendors, and customers all of whom have to deal with the aftermath of an accounting fraud. The only winners are GE’s fat cat executives who enriched themselves with undeserved bonuses as they drove this once proud beacon of American business into the ground. I encourage you to hold them accountable.
Thank you very much for taking the time to read our Whistleblower Report, we hope you find it informative.


Harry Markopolos, CFA®, CFE