Topic: Long Term Care Insurance

Whistleblower Harry Markopolos, known for exposing the Bernie Madoff Ponzi scheme, released a 170-page report alleging massive accounting fraud at General Electric. The report claims GE is hiding billions in losses related to its long-term care insurance business and lacks sufficient cash to cover its liabilities. GE officials dismissed the report as market manipulation intended to benefit short-sellers, while critics point to the company's long-term decline since the era of Jack Welch.