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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 finds that employee hid $154 million in expenses, Q3 earning report is delayed
Share on Facebook Share on Twitter Iconic retailer Macy’s announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, whic
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 ...
Rolling Out
18m
Macy’s uncovers shocking $154M hidden expense scheme
Macy’s, one of the leading retail giants in the United States, has recently made headlines after revealing a significant ...
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.
The Business Journals
16h
Macy’s says employee hid as much as $154M in expenses
Macy
’s is delaying its third ... for expense accounting for small package
delivery
"intentionally made erroneous ...
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 ...
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