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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
Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter
Update: Westchester-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter A Westchester-based accountant who admitted participating in a multi-million dollar tax evasion scheme with his partner was a volunteer firefighter who served for almost three decades, including during 9/11.  Certified public accountants New Jersey resident Jack Sardis, age 66, of Englewood Cliffs in Bergen County, and his partner, George Sanossian, age 70, of Scarsdale, both admitted to scheming with their clients to reduce tax liabilities through a shell company, leading to over $2 million in unreported cash transactions, the US Attorney's Office for the Southern District of…

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by Ben Crnic & Cecilia Levine
News
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy $2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy
$2M Scheme: Westchester Accounting Firm Partners Admit To Tax Fraud Conspiracy Two New York accounting firm partners have pleaded guilty to a multi-million dollar tax evasion scheme.  Click here for a new, updated story - Update: Scarsdale-Based Accountant Nabbed In Tax Fraud Scheme Was Longtime Firefighter Westchester County resident George Sanossian, age 70, of Scarsdale, and New Jersey resident Jack Sardis, age 66, of Englewood Cliffs, both certified public accountants, admitted to conspiracy to defraud the IRS by scheming with clients to reduce tax liabilities through a shell company, leading to over $2 million in unreported cash transactions.  The tw…

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by Joe Lombardi