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Archive Home > 2009 > August > 05 > SEC fraud charges to cost GE $50M

SEC fraud charges to cost GE $50M


August 5, 2009

NEW YORK " General Electric Co. agreed Tuesday to pay $50 million to settle fraud charges by the Securities and Exchange Commission, which accused the company of bending its financial statements in 2002 and 2003 to boost its reported earnings. In a statement, the SEC said GE misled....

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