General Electric analyst weighs in on the fraud allegations

8:59 AM ET Fri, 16 Aug 2019

Shares of GE suffered its biggest decline since 2009 on Thursday after it was accused of accounting fraud. Bernie Madoff whistleblower Harry Markopolos told CNBC has a $38 billion problem. GE CEO Lawrence Culp issued a response to the claims saying, "GE will always take an allegation of financial misconduct seriously, but this is market manipulation." William Cohan, a special correspondent for Vanity Fair, and Nick Heymann, GE analyst at William Blair & Company, join "Squawk Box" to discuss.