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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
Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue.
22h
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 ...
1d
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 ...
22h
on MSN
Macy's says employee 'intentionally' hid up to $154M in expenses
Macy's says it will push back its third-quarter earnings report after discovering an employee "intentionally" hid as much as ...
22h
on MSN
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.
16h
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 ...
21h
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 ...
23h
on MSN
Macy's says an employee hid up to $154 million in expenses
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
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