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Macy’s employee hid up to $154M in expenses
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 forced the company to delay reporting its third-quarter results.
Macy’s Discovers Employee Hid Millions in Delivery Expenses
The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.
Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses
An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
15h
Macy’s employee hid up to $154 million in expenses
The retail giant delayed the results of its third quarter earnings after discovering that an employee hid millions of dollars ...
1d
on MSN
Macy’s says employee hid as much as $154 million in expenses
Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to ...
22h
on MSN
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 ...
Yahoo
1d
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 ...
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