An Ugly Accusation At General Electric
A suit filed against General Electric on Apr. 21 by a former executive reads like a spy novel. Allegations include attempted price-fixing in the industrial-diamond business, a kickback scheme, and expense-account cheating. Former GE Vice-President Edward Russell claims he was wrongfully fired in November after protesting an alleged GE conspiracy with De Beers Consolidated Mines of South Africa to manipulate the industrial-diamond market.
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