Harry Markopolos calls General Electric a ‘bigger fraud than Enron’ and GE shares saw their biggest drop in ten years. The stock closed 11% lower. Markopolos was only guy to figure out Madoff’s scheme.
In 2000, General Electric was the largest company in the world with a market cap approaching $600 billion. Today its market cap fell to $70 billion, a decline of 88%. From blue chip stock to "shitcoin".
https://www.wsj.com/articles/ge-is-new-target-of-madoff-whistleblower-11565866617