GE shares fall on Madoff whistleblower calling its finances a fraud
August 15, 2019 at 15:23 PM EDT
General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO.
