GE shares fall on report that its finances are worse than disclosed
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(Reuters) - General Electric shares fell 7.5% on Thursday after Harry Markopolos, the whistleblower in the Bernard Madoff Ponzi scheme case, said GE's financial filings were masking the depths of its financial problems.In a 175-page research report, Markopolos accused GE of hiding $38.1 billion (31.5 billion pounds) in potential losses and asserted that the company's cash situation was far worse than it had disclosed."GE's true debt to equity ratio is 17:1, not 3:1, which will undermine its..