GE Fined $50 Million for Lying to Investors-And…..


General Electric was fined $50 million for lying to their investors in 2002-2003. This fine cam AFTER 4 years of investigation and $200 million in legal fees.

And, as of today there are ZERO CRIMINAL CHARGES pending. What is worse….the investors who were lied to, ultimatly end up paying for the $50 million fine and $200 million legal fees.

I am sure on some planet that is fair…….Doesn’t GE own the awful cable network MSNBC? I suppose their lying ways is not a shocker now, huh?

Regulators accused General Electric of overstating profits by as much as $1.15 billion in a bid to keep alive its once-stellar record of never reporting a loss for more than a decade — and always hitting analysts’ predictions.

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About UnPoliticallyCorrect

You know me well enough by now, which is that I am no fan of either establishment party, though sadly I did once in the past, play the game of the "Lesser of Two Evils", for which was tragic. Both seek absolute power, through their own self righteous perceptions of "morality", bastardizing the true concept of the founding of this country and the framing of the US Constitution. Clowns to the Left and the incessant need to control by bigger government while spending us into oblivion; Jokers to the Right and the incessant need to control by religion while spending us into oblivion. Oddly, both are the main two tenets for the founding of the country and framing of the US Constitution - Limited Government and Freedom From Religious Persecution & Religious Zealotry. View all posts by UnPoliticallyCorrect

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