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GE was the most popular industrial stock for hedge funds last quarter. Here are 9 firms that likely took a beating after the stock tanked on fraud cla...
Hedge funds picked a tough time to load up on GE in the second quarter, and those that didn't exit before the August 15 sell-off got whacked.
Famed Madoff whistleblower Harry Markopolos could make millions from his claims General Electric is committing fraud
Harry Markopolos, a whistleblower on the Madoff ponzi scheme, claims General Electric has committed more than $38 billion worth of accounting fraud.
CEO John Flannery, who took over last year from Jeff Immelt, has promised to "maintain a disciplined financial policy” that so far has involved slashing the company’s once-dependable dividend yield and selling off underperforming units like healthcare and oil and gas.