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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