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Macy’s employee hid up to $154M in expenses

The New York Times · 1h

Macy’s Discovers Employee Hid Millions in Delivery Expenses

The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.

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.

Macy's employee hid more than $130m in delivery expenses

US department store Macy's has said a rogue staffer concealed more than $130m (£103m) in company costs over roughly three years, causing it to delay the release of its latest accounts. Macy's, also the owner of Bloomingdales and the make-up chain Bluemercury, said it was postponing its quarterly sales update as it investigates the incident.

8hon MSN

Macy’s says employee hid as much as $154 million in expenses

Macy’s said an accounting employee hid as much as $154 million in delivery expenses over a three-year period, prompting the ...

49m

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 ...

9hon MSN

Macy's says worker hid more than $130m in costs

US department store Macy's says rogue staffer concealed more than $130m (£103m) in company costs over roughly three years, ...

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