- Joined
- Dec 23, 2011
- Messages
- 386,415
- Reaction score
- 157,521
- Points
- 128
- Age
- 28
- Location
- Texas
- Favorite Wrestler
- Favorite Wrestler
- Favorite Wrestler
- Favorite Wrestler
- Favorite Wrestler
- Favorite Wrestler
- Favorite Sports Team
- Favorite Sports Team
- Favorite Sports Team
- Favorite Sports Team
Macy’s Employee Accused of Concealing $132 Million in Delivery Costs | PYMNTS.com
Macy’s has delayed its earnings call after discovering a multimillion-dollar “intentional” employee accounting error. That employee, the retailer said in
www.pymnts.com
Macy’s has delayed its earnings call after discovering a multimillion-dollar “intentional” employee accounting error.
That employee, the retailer said in a securities filing Monday (Nov. 25) had hidden at least $132 million in delivery expenses over a nearly three-year period.
According to the filing, this employee — who no longer works for the company — “intentionally made erroneous accounting accrual entries” to conceal between $132 million and $154 million of delivery expenses between Macy’s fourth quarter of 2021 and the quarter which ended earlier this month.