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Revisiting Harry Markopolos' Call That 'GE Is One Recession Away From Chapter 11'
Monday, March 30, 2020 - 2:06pm | 558Seven months after Bernie Madoff whistleblower Harry Markopolos said General Electric Company (NYSE: GE) would not survive the next U.S. recession, the coronavirus (COVID-19) pandemic has provided a chance to test that thesis. The GE Allegations Back in August 2019, Markopolos released a 175-page...
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Citi: General Electric's Recovery 'Could Be More Significant' Than Investors Realize
Wednesday, September 4, 2019 - 12:25pm | 584General Electric Company (NYSE: GE) shares traded higher by another 4.5% on Wednesday after yet another analyst had good things to say about the stock. Citi analyst Andrew Kaplowitz reiterated his Buy rating for GE. The Thesis After meeting with General Electric CEO Larry Culp, Kaplowitz said he is...
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GE Analyst: Short Report Would Have Some Merit 2 Years Ago
Friday, August 16, 2019 - 3:41pm | 435Shares of General Electric Company (NYSE: GE) plummeted Thursday after a short seller report penned by Harry Markopolos emerged that argued the company is engaged in fraud. If the report surfaced two years ago it would have more merit, William Blair analyst Nicholas Heymann said on CNBC's...
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GE CEO Larry Culp Strikes Back, Buys 252K More Shares
Friday, August 16, 2019 - 8:29am | 344General Electric Company (NYSE: GE) confirmed CEO Larry Culp bought nearly $2 million worth of the company's stock on Thursday and denied fraud accusations. Harry Markopolos, a financial fraud investigator and forensic accountant best known for presenting evidence Madoff was engaged in a...
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What The Option Market Is Saying About General Electric Following Fraud Allegations
Thursday, August 15, 2019 - 3:15pm | 653General Electric Co (NYSE: GE) took a 13% hit on Thursday after Bernie Madoff whistleblower Harry Markopolos bashed GE for allegedly committing insurance fraud that was "bigger than Enron and WorldCom combined." The allegations triggered an extreme amount of unusually large GE options...
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Harry Markopolos Talks GE Fraud Thesis With CNBC
Thursday, August 15, 2019 - 1:20pm | 494Forensic accountant and financial fraud investigator Harry Markopolos is perhaps best known for producing early research suggesting Bernie Madoff was running on a Ponzi Scheme. On Thursday, he dominated financial headlines again for publishing a report against General Electric Company (NYSE: GE)....
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GE Responds To Madoff Whistleblower Harry Markopolos: Allegations Are 'Entirely False And Misleading'
Thursday, August 15, 2019 - 8:29am | 398General Electric Company (NYSE: GE) called a report published by Bernie Madoff whistleblower about allegations of financial struggles "entirely false and misleading." What Happened Harry Markopolos, a financial fraud investigator and forensic accountant best known for presenting evidence...
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8 Of The Biggest Whistles Ever Blown On Wall Street
Monday, July 31, 2017 - 9:46am | 666Chelsea Manning, Edward Snowden, Julian Assange, Deep Throat. You know the names. Whether you consider them informants, patriots or glorified tattle-tales, whistleblowers have significantly impacted United States history. They‘ve alerted us to illegal or unethical activity in public and...