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Financial Misconduct

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
Politics
FBI Probing Veteran's Claim That George Santos Stole Dying Dog's Charity Money, Report Says FBI Probing Veteran's Claim That George Santos Stole Dying Dog's Charity Money, Report Says
FBI Probing Veteran's Claim That George Santos Stole Dying Dog's Charity Money, Report Says The bad news just keeps coming for embattled New York Rep. George Santos, who is now the subject of an FBI investigation into accusations he stole charity money intended to help a Navy veteran’s dying service dog, Politico reports.  Richard Osthoff, of Howell, New Jersey, told the outlet that two FBI agents reached out to him on Wednesday, Feb. 1, as part of an investigation by the US Attorney’s Office in the Eastern District of New York. Earlier Report: Bye George: Embattled Nassau Rep Santos Stepping Down 'Temporarily' From Committee Assignments Osthoff told Politico he gave the agents …

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by Michael Mashburn
Politics
Bye George: Embattled NY Rep Santos Stepping Down 'Temporarily' From Committee Assignments Bye George: Embattled NY Rep Santos Stepping Down 'Temporarily' From Committee Assignments
Bye George: Embattled NY Rep Santos Stepping Down 'Temporarily' From Committee Assignments This story has been updated to include a statement from Rep. Santos. Just weeks after being appointed to two House committees, beleaguered New York Congressman George Santos is stepping down from those assignments amid investigations into his personal and campaign finances. In a statement Tuesday, Jan. 31, the freshman Republican lawmaker said he had submitted a request to House Speaker Kevin McCarthy to be "temporarily recused" from his assignments to the Science, Space, and Technology Committee, and the Small Business Committee "until I am cleared." "This was a decision that I take very…

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by Michael Mashburn