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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
News
Dan Snyder Hires Firm 'To Consider Potential Transactions' On Sale Of Washington Commanders Dan Snyder Hires Firm 'To Consider Potential Transactions' On Sale Of Washington Commanders
Dan Snyder Hires Firm 'To Consider Potential Transactions' On Sale Of Washington Commanders Washington Commanders owner Dan Snyder once famously said he would never change the name of the then Redskins. Until he did. He also vowed that he would never sell his beloved team. Until he might? Dan and Tanya Snyder announced on Wednesday, Nov. 2 that they have hired Bank of America Securities to “consider potential transactions,” including a potential sale of the franchise. “The Snyders remain committed to the team, all of its employees, and its countless fans to putting the best product on the field and continuing the work to set the gold standard for workplaces in the NFL,” they w…

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by Zak Failla