Here's the Truth About the GE "Fraud" Scandal

" Don't kick a person when they're down." That's one of the cardinal rules of sporting behavior - one that'll serve you well pretty much anywhere on or off the field... pretty much. But let's face it: Sportsmanship ends where the market begins. Across that line, massive fortunes can be made "kicking" a company when it's down... Take a certain shadowy hedge fund I'm following. These investors have decided to move in for the kill on a fallen American legend: General Electric. They've fallen in behind Bernie Madoff whistleblower Harry Markopolos who's made very public, very shocking allegations of fraud and manipulation in GE's Boston C-suite. Markopolos - the forensic accountant who, as I said, called shenanigans on Bernie Madoff's $64 billionPonzi scheme - has potent "do-gooder" credibility. In fact, these allegations probably would've been front-page news had they been brought in GE's prime, or had markets not been sinking on the day. Be that as it may, the accusations battered GE's shares and made massive waves just the same. But there's a big, big problem with Markopolos' accusations. And I have a big problem with the anonymous backers on whose behalf he's making these allegations. Before you put up your hard-earned capital and take a position one way or another on GE, let me show you what I've found... Tags: Stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Here's the Truth About the GE "Fraud" Scandal appeared first on Money Morning - We Make Investing Profitable .