"GE shares tank more than 13% after Madoff whistleblower calls it a 'bigger fraud than Enron'"

Back in the Madoff days Mr. Markopolos.seemed pretty levelheaded.
Going with the "Bigger fraud than Enron" means one of two things. He's looking for headlines or General Electric is toast.
From CNBC:

• General Electric shares fall after Madoff whistleblower Harry Markopolos targets the conglomerate in a new report, calling it “a bigger fraud than Enron.”
• The 175-page report claims GE was hiding the depths of its financial problems and would need to significantly raise its insurance reserves. It also points out alleged accounting issues with its oil and gas unit.
• “My team has spent the past 7 months analyzing GE’s accounting and we believe the $38 Billion in fraud we’ve come across is merely the tip of the iceberg,” Markopolos says in the report.
• Markopolos says he has given the report to securities regulators and that certain information he has uncovered was given to law enforcement only, and is not in the public report.

General Electric shares fell more than 13% Thursday after Madoff whistleblower Harry Markopolos targeted the conglomerate in a new report, accusing it of issuing fraudulent financial statements to hide the extent of its problems.

A website has been set up to disseminate the report, www.GEfraud.com, where Markopolos calls it “a bigger fraud than Enron.” The financial investigator, who was probing GE for an unidentified hedge fund, writes that after more than a year of research he has discovered “an Enronesque business approach that has left GE on the verge of insolvency.”

“My team has spent the past 7 months analyzing GE’s accounting and we believe the $38 Billion in fraud we’ve come across is merely the tip of the iceberg,” Markopolos said in the 175-page report. Markopolos alleges that GE has a “long history” of accounting fraud, dating to as early as 1995, when it was run by Jack Welch....
....MUCH MORE, including video 

We have a couple hundred posts on G.E., here's the outro from one in 2010:

General Electric has been an investor disaster under Jeff Immelt (GE) 

...I haven't owned the stock since '99. I was fortunate to not own this stock for the last decade. In the late '90's a very wealthy and very smart investor said to me:

"GE's phony-baloney earnings smoothing is going to have to end, it's approaching the level of a joke, in addition to violating the '33 act".

Sometimes you get lucky....