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A new report claims that GE stock is doomed and that accounting fraud will land the industrial conglomerate in bankruptcy court. Yet the allegations contain more innuendo than substance.
GE has been targeted with a report by the forensic accountant who exposed the Bernie Madoff scheme. Harry Markopolos says that GE's accounting is hiding a mountain of losses, which GE denies.
A park ranger's report of ghosts has ties to a deadly commercial airplane collision at the Grand Canyon National Park in Arizona. The planes crashed at a mysterious area of two rivers meet, called "the confluence", where half a century earlier, explorer G.E. Kincaid climbs 1,500 treacherous feet to explore strange stains on a canyon wall that ...
The result was an 86-page document that became known as the Lynch Report. The report was released in August 1994 and concluded that Jett acted alone, but also blamed the losses on a complete breakdown of the system of supervision at Kidder, particularly with regard to Ed Cerullo and Melvin Mullin.
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The Hobbs Act (enacted 1934), [1] the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, [2] the Travel Act (enacted 1961), [3] the Racketeer Influenced and Corrupt Organizations Act (RICO) (enacted 1970), [4] and the federal program bribery statute, 18 U.S.C. § 666 (enacted 1984), [5] permit the ...
In December 2010, the SEC, the Department of Justice and other federal and state agencies announced the results of "Operation Broken Trust", a coordinated effort by the Financial Fraud Enforcement Task Force to target investment fraud. The operation resulted in prosecutions against 310 criminal defendants involving $8.3 billion in losses and ...
Reports of an active shooter at the GE Appliance Park in Louisville on Thursday were a false alarm, the Louisville Metro Police Department said in a post to X Thursday.