GE shares fall on report alleging its finances are worse than disclosed
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(Reuters) - General Electric shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems.In a 175-page report, Markopolos accused GE of hiding $38 billion (£31.4 billion) in potential losses and asserted that the company's cash and debt positions were far worse than it had disclosed."GE's true debt to equity ratio is 17:1, not 3:1, which will undermine its credit status,"..