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Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain
According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small parcel delivery expenses in late 2021, citing a source briefed on the
Macy’s tightens financial controls after employee covered up what became a $151 million mistake
Macy’s said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years.
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal caused by one employee. The employee, who no longer works for Macy’s made one mistake that led to years of coverup.
Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain: report
Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn’t motivated by personal or financial gain,
Macy’s Probe Found Employee Acted Alone in $151 Million Accounting Scandal
Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake and coverup created $151 million in false bookkeeping entries.
Macy's confirms rogue employee hid $151 million in expenses over three years
A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy's said Wednesday.
2h
on MSN
‘One-legged’ man accused of 3 child sex crimes is arrested in North Carolina
A “one-legged” man accused of multiple child sex crimes has been arrested in North Carolina. Juan Jose Bernal-Ramirez, 62, is ...
5h
Dick Van Dyke’s Beloved Cat Bobo Has Been Found After He And His Wife Were Forced To Leave Him Behind Amid Malibu Wildfire Evacuations
Dick, 98, previously told concerned fans that Bobo the cat had escaped as he and his wife evacuated their Malibu home with ...
Spotify
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The CEO of Getty Images just delivered a public smackdown to AI copyright thievery
In an op-ed published by Fortune this week, Craig Peters slams the argument the using copyrighted material to train AI models ...
3d
on MSN
Jay-Z accused of raping girl, 13, with Sean ‘Diddy’ Combs more than 2 decades ago: bombshell lawsuit
The alleged victim — only identified as “Jane Doe” — leveled the disturbing allegation in a newly re-filed civil lawsuit filed in the Southern District of New York on Sunday.
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Tell Us About The Most Outrageous Medical Bill You Received Despite Having Insurance
Whatever the case may be, we want to hear all about it. Tell us about a time when you received an outrageous medical bill ...
3d
on MSN
Man shot while in his car goes to gas station for help and dies, Texas police say
He was an honest man who worked so hard to get to where he was in his life and to provide for our family,” family members ...
4d
on MSN
Jordan Chiles reveals she wants to be on ‘Selling Sunset’: ‘I literally would cry’
Chiles, 23, told The Post she “literally would cry” if asked to appear on one of her favorite reality series, “Selling Sunset ...
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