Fair 33°
Tag:

Accounting

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…

SHARE

by Joe Lombardi
News
Accountant From Morris Charged With Sexually Abusing Bergen Pre-Teen Accountant From Morris Charged With Sexually Abusing Bergen Pre-Teen
Accountant From Morris Charged With Sexually Abusing Bergen Pre-Teen A Lyndhurst preteen was sexually abused by an accountant from Morris County, authorities said. Amit Bhatt, 42, of Denville was charged with sexual assault by contact and child endangerment, records show. Bergen County Prosecutor Mark Musella said a joint investigation by members of his Special Victims Unit and Lyndhurst police “revealed that (he) sexually assaulted the victim." Bhatt is accused of masturbating in front of the child, court records show. Bhatt, who has a practice in West Caldwell, was graduated from Rutgers University and received a Master of Business degree in account…

SHARE

by Jerry DeMarco