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Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments From Stamford-Based WWE Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments From Stamford-Based WWE
Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments From Stamford-Based WWE World Wrestling Entertainment founder Vince McMahon will pay more than $1.7 million after he was accused of not disclosing payment agreements related to sexual misconduct with two women, officials said. McMahon, WWE's former executive chairman and CEO, reached the agreement related to charges from the Securities and Exchange Commission, the federal agency said in a news release on Friday, Jan. 10. The SEC said McMahon concealed the "hush money" payments, creating discrepancies in WWE's financial reports. McMahon agreed to pay a $400,000 civil penalty and reimburse $1,330…

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by Chris Spiker
Business
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says A Macy’s employee misstated up to $154 million in delivery expenses over several years, the company just said. The development forced the retailer to delay its third-quarter earnings report. The employee, whose name has not been released, has been fired. According to the company, the employee responsible for accounting small package delivery expenses made erroneous accrual entries to conceal the costs from the fourth quarter of 2021 through the most recent quarter. During that time, Macy’s reported a total of $4.36 billion in delivery expenses. The company conducted an independent investi…

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by Joe Lombardi
News
Former New Haven City Employee Sentenced To Federal Prison For Embezzling $100K Former New Haven City Employee Sentenced To Federal Prison For Embezzling $100K
Former New Haven City Employee Sentenced To Federal Prison For Embezzling $100K A former City of New Haven employee will spend time behind bars for embezzling $100,000. Hamden resident Daniel Lion, 65, was sentenced to nine months in prison followed by three years of supervised release for embezzling more than $100,000 from the City of New Haven. Lion was also fined $7,500 and ordered to perform 300 hours of community service during his three years of supervised release. U.S. Attorney John Durham noted that New Haven had a policy where employees can be paid in advance if they are about to take approved vacation leave. Lion, who worked for the city in the accounting de…

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by Zak Failla