Globe Life Stock Plunges 53% After Short Seller Alleges Fraud

Globe Life (GL) shares lost more than half their value Thursday after short seller Fuzzy Panda Research said it had taken a short position in the company after conducting an investigation it alleged revealed evidence of wide-ranging insurance fraud.  “We uncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times,” the researchers wrote in their report. Fuzzy Panda accused executives of partaking in a kickback scheme and alleged Globe Life s ...