Seidman, a General Electric board director and chair of its audit committee, told CNBC on Thursday that Harry Markopolos' report is 'full of misleading, inaccurate and inflammatory statements.'
"That report does not reflect the GE that I know," GE board member Leslie Seidman said on CNBC's "Closing Bell." Earlier Thursday, Harry Markopolos released a 175-page report claiming that GE issued fraudulent financial statements to hide the extent of its problems.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Harry Markopolos says he can't reveal the hedge fund he's working for in his investigation of GEMadoff whistleblower Harry Markopolos is probing GE on behalf of a hedge fund — but he won't say which one.
Read more »
GE CEO calls Markopolos report 'market manipulation' and 'false'General Electric Co Chief Executive Larry Culp said on Thursday that a report al...
Read more »
GE shares drop after Madoff whistleblower Harry Markopolos raises red flags on its accountingGE confirmed the existence of the report in a statement to CNBC.
Read more »
GE tanks after a famous Madoff whistleblower says the company is committing fraud 'bigger than Enron and Worldcom combined'Accounting expert Harry Markopolos alleged the company is already hiding $38 billion in fraud, and called the figure 'just the tip of the iceberg.'
Read more »
Madoff Whistleblower alleges that GE is a 'bigger fraud than Enron''What he's alleging is a large-scale accounting fraud that totals about $38 billion worth over at General Electric,' reports CNBC's TheDomino. GE shares fell after Madoff whistleblower Harry Markopolos targeted the conglomerate in a new report.
Read more »
Todd Chrisley indicted for tax evasion as reality star says he's been framedThe 'Chrisley Knows Best' stars have been indicted on multiple counts of conspiracy, bank fraud, wire fraud and tax evasion.
Read more »