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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…

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by Joe Lombardi
Obituaries
Champion HS Wrestler, Business Owner 47-Year-Old Andrew Cook Dies Suddenly Champion HS Wrestler, Business Owner 47-Year-Old Andrew Cook Dies Suddenly
Champion HS Wrestler, Business Owner 47-Year-Old Andrew Cook Dies Suddenly Andrew C. Cook, of Chester Springs, died suddenly on Friday, Aug. 30, according to an obituary published by James J. Terry Funeral Home. He was 47 years old. Andy was a champion wrestler at Ridley Park High School, his obituary said. He ran a successful landscaping business for many years, according to his obituary. A GoFundMe campaign had raised more than $26,000 for his family as of Tuesday, Sept. 3. "Andrew found his passion in the financial world as an accountant for Fearless Restaurants," as noted in his obituary. He had a gift for mathematics and numbers. Andy loved being…

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by Jon Craig
Police & Fire
Giant Worker In Berks County Embezzled $24,000 From Employer, Police Claim Giant Worker In Berks County Embezzled $24,000 From Employer, Police Claim
Christina Bortz Embezzled $24,000 From Giant: Spring Twp. PD A grocery store employee in Spring Township is accused of bilking tens of thousands of dollars from her employer, authorities say.  Christina Bortz, 53, is charged with theft by unlawful taking and receiving stolen property, according to court records.  Spring police said Bortz works as the "checkout coach" or accounting employee at Giant and admitted to taking about $24,000 from the company.  Bortz, of Sinking Spring, was released on her own recognizance and is due back for a preliminary hearing on Dec. 26, court records show. 

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by Mac Bullock