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Macy’s employee hid up to $154M in expenses
How did a Macy’s worker conceal up to $154 million in fake expenses? Experts weigh in
Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices to hide well over $100 million in phony expenses. On Monday, the retailer announced it would delay the full release of its third-quarter earnings,
Macy’s delays Q3 2024 earnings after employee concealed $154m delivery expenses
The company said that a single employee "intentionally" made incorrect accounting entries from the fourth quarter of 2021 (Q4 2021) through Q3 2024.
Macy’s says employee hid up to $154 million in expenses
A Macy's employee allegedly hid up to $154 million by making erroneous accounting accrual entries, according to the company.
23h
Macy's says an employee hid as much as $154 million in expenses
The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...
18h
A Macy’s employee ‘hid’ up to $154M in expenses over three years — but why?
While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately ...
Intelligencer on MSN
23h
How Did One Macy’s Employee Hide $154 Million?
The retailer’s surprise announcement that one employee concealed a fortune leaves a lot of unanswered questions.
23h
Macy's Delays Earnings After Finding Millions of Hidden Expenses
Macy's said it would delay the release of its third-quarter earnings after an investigation revealed an employee hid over ...
Yahoo
19h
Macy’s Worker Accused of Hiding Up to $154 Million in Expenses
A former employee of
Macy
’s has been accused by the retail company of hiding at least $132 million, but potentially as much ...
22h
Macy's delays results after finding employee hid millions in delivery expenses
Macy's on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses ...
WTHR
1d
Macy's says employee hid up to $154 million in expenses, delays Q3 earnings
WASHINGTON —
Macy
's reported weaker ... with responsibility for small package
delivery
expense accounting intentionally ...
1d
on MSN
Macy’s finds ‘erroneous’ accounting entries, leading to delay of earnings report
Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses ...
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