GE sinks most since 2015 as Madoff accuser excoriates accounting

A SHORT-SELLER has accused General Electric Co. of masking financial problems. The company has vehemently denied the allegations, however, the company's stock fell up to 13% Thursday in its biggest intraday decline since late August 2015. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
A SHORT-SELLER has accused General Electric Co. of masking financial problems. The company has vehemently denied the allegations, however, the company's stock fell up to 13% Thursday in its biggest intraday decline since late August 2015. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
NEW YORK – General Electric Co. fell the most in nearly four years after a prominent whistle-blower working with a short-seller accused the company of masking financial problems. The company called the claims “meritless.” Harry Markopolos, who had raised concerns over investment manager Bernie Madoff before his Ponzi scheme was exposed, said GE has understated…

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