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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 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,
4h
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 ...
20h
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.
12h
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 ...
1h
on MSN
The Macy’s Thanksgiving Day Parade is 100 years old. Here’s a look through the years.
While 2024 marks the 100th anniversary of this now iconic annual event, it will only be the 98th time the parade has taken ...
19h
Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in ...
20h
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 ...
Intelligencer on MSN
20h
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.
5m
Macy’s Thanksgiving Day Parade 2024: map and schedule of road closures
The iconic Macy’s Thanksgiving Day Parade can cause transport complications. Here’s a list of the roads that will be closed ...
Yahoo
2h
Macy's Thanksgiving Day Parade: How to watch in AZ and who's performing
It’s been 100 years since
Macy’s
Herald Square department store in New York City held its first Thanksgiving Day Parade, ...
21h
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.
20h
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 ...
soapcentral
2h
Who are the auditors of Macy’s? All you need to know about luxury fashion store’s $154 million accounting issue
Macy's is going through a serious accounting debacle after learning that a single employee purposefully falsified accounting ...
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