'Not the GE I know' — board member Leslie Seidman responds to Markopolos' fraud accusations

    This post was originally published on link to post

    Leslie Seidman, General Electric board director and chair of the company’s audit committee, told CNBC on Thursday that a report from Madoff whistleblower Harry Markopolos accusing GE of fraud is “full of misleading, inaccurate and inflammatory statements.”

    “That report does not reflect the GE that I know,” Seidman said on “Closing Bell.

    GE’s CEO, Larry Culp, also told CNBC that the accusations from Markopolos were false and driven by market manipulation.

    Earlier Thursday, Markopolos released a 175-page report on a website claiming that GE issued fraudulent financial statements to hide the extent of its problems.

    This is a developing story. Please check back for updates.


    Please enter your comment!
    Please enter your name here