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re: General Electric, a Bigger Fraud than Enron
Posted on 8/15/19 at 11:50 am to OleWarSkuleAlum
Posted on 8/15/19 at 11:50 am to OleWarSkuleAlum
quote:Indeed.
Same guy who outed Madoff...
Harry Markopolos is also being paid by an undisclosed hedge fund.
Want to guess as to the likelihood of that fund shorting GE in advance of Markopolos's report?
Seems filthy.
3
Posted on 8/15/19 at 11:57 am to NC_Tigah
quote:
Indeed.
Harry Markopolos is also being paid by an undisclosed hedge fund.
Want to guess as to the likelihood of that fund shorting GE in advance of Markopolos's report?
Seems filthy.
You think these guys are that brazen? I have no clue but I imagine they know what they would and would not get in trouble for. This seems like one of them.
The stock has been in free fall for quite some time now.
This post was edited on 8/15/19 at 11:59 am
Posted on 8/15/19 at 12:58 pm to NC_Tigah
quote:
Want to guess as to the likelihood of that fund shorting GE in advance of Markopolos's report?
WSJ article freely states that he shorted. he gets a cut of the hedge fund gains on the position. he is also trying to recover under whistleblower statutes. i can't imagine he would go that route if it was a bogus attempt to boost a short position.
Posted on 8/16/19 at 10:30 am to NC_Tigah
quote:
Indeed.
Harry Markopolos is also being paid by an undisclosed hedge fund.
Want to guess as to the likelihood of that fund shorting GE in advance of Markopolos's report?
Seems filthy.
The stock is very close to it's all time low, not a ton of room for manipulation. This report IMO doesn't come across as just a money grab and Markopolos is very much respected in the fraud industry.
This post was edited on 8/16/19 at 10:33 am
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