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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 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 as $154 million, in delivery expenses. The staggering figure was revealed by the company deep into a news release focused on preliminary third quarter 2024 results,
Macy’s Discovers Worker Hid Up to $154M in Expenses in Mystery Ploy
Department store behemoth Macy’s has suffered an embarrassing faux pas after it was revealed that an accounting employee hid up to $154 million in delivery expenses in a years-long scheme. The employee,
6h
on MSN
Macy's: Employee hid upwards of $154M in delivery expenses
Macy's announced an employee has "hid" up to $154 million, prompting the U.S. department store chain to delay the release of ...
23h
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.
14h
on MSN
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly ...
5h
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 ...
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
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 ...
6h
on MSN
Macy's $132 million mystery has auditing experts scratching their heads
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
17h
What Small Business Owners Should Learn from Macy’s Missing $150 Million
The department store chain had to delay its third quarter financial statements after uncovering 'erroneous accounting accrual ...
51m
Macy's Thanksgiving Day Parade: How to watch in AZ and who's performing
The Macy's Thanksgiving Day Parade takes to the streets of New York City Thursday. Here's when it starts, how long it lasts ...
The New York Times
7h
How to Watch the Macy’s Thanksgiving Day Parade
For the 98th time,
Macy
’s brings New Yorkers its annual parade. This year, there will be 22 floats, 17 character balloons ...
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.
16h
on MSN
5 Things to Know About Macy’s $100 Million Accounting Issue
A Macy’s employee intentionally hid up to $154 million in delivery expenses over the past three years. Investors have a lot ...
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