Julian Crowley
In 1946, General Electric was fined by the US government owing to its nefarious wartime activities. In partnership with Krupp, a German manufacturing firm, General Electric deliberately and artificially raised the price of tungsten carbide, a material that was vital for machining metals necessary for the war effort.
Though only fined $36,000 in total, General Electric made around $1.5 million out of this scam in 1936 alone, hampering the war effort and increasing the cost of defeating the Nazis.
GE also bought shares in Siemens before war broke out, making them complicit in the use of slave labor to build the very same gas chambers where many of the stricken laborers met their end.
