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Macy’s employee hid up to $154M in expenses
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 forced the company to delay reporting its third quarter results.
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.
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 erroneously reported expenses. The company said it discovered the issue when it was preparing its earnings,
Yahoo
11h
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 ...
News Nation on MSN
12h
Macy’s say employee hid up to $154 million in expenses
A Macy's employee allegedly hid up to $154 million by making erroneous accounting accrual entries, according to the company.
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