Fair 27°
Tag:

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…

SHARE

by Joe Lombardi
Police & Fire
Ex-Bethlehem Finance Director Resold Phones Bought With City Funds To Get Richer: DA Ex-Bethlehem Finance Director Resold Phones Bought With City Funds To Get Richer: DA
Ex-Bethlehem Finance Director Resold Phones Bought With City Funds To Get Richer: DA A former Bethlehem finance director was charged on Thursday, June 2, with misusing city funds to buy thousands of dollars worth of electronics, reselling them, and pocketing the proceeds, authorities said. Mark Sivak, 44, used the city’s Verizon account to buy and resell at least 31 cellphones between November 2019 and April 2022 for a total of $12,630, Northampton County District Attorney Terry Houck said alongside the City of Bethlehem Police Department. He also apparently admitted to ordering additional items from the city's Verizon account over the past six months and bri…

SHARE

by Nicole Acosta