Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a repeat of the embarrassing problem.



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Macy's probe reveals employee hid $151 million in delivery expenses

Macy's is claiming a lack of serious impact after an independent investigation determined that an employee had hid $151 million in delivery expenses.

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Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'

Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a repeat of the embarrassing problem.

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Macy’s provides more details about that employee who hid more than $150 million worth of expenses

Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn't motivated by personal or financial gain, according to a report.

Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain

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Retail giant Macy's said on Wednesday said it concluded an independent investigation into an employee who purposely hid $151 million in delivery expenses over nearly three years, forcing it to revise its historical finan

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A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy's said Wednesday.

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Roberts family

Macy's confirms rogue employee hid $151 million in expenses over three years

The Macy's department store chain has completed its investigation into the concealment in its accounting records of more than $150 million by an employee in its accounting department, confirming a hypothesis floated by some auditors in...

Lanțul de magazine Macy’s a finalizat investigația privind ascunderea în actele sale contabile a peste 150 de milioane de dolari de către un angajat din departamentul contabil, confirmând o ipoteză vehiculată de unii auditori în…

Macy's a dezvăluit ce l-a motivat pe angajatul care a reușit să ascundă peste 150 de milioane de dolari în actele contabile în doar 3 ani - HotNews.ro

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Romania

Macy's reveals what motivated employee who managed to hide more than $150 million in accounting documents in just 3 years - Hotnews.ro

“This was not theft,” Macy’s chief financial officer confirmed Wednesday.

Fortune

Chatchaval Jiaravanon

Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into intentional coverup

Macy's CEO Tony Spring provided a fresh update on the rogue employee that hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.

Fox Business

Macy's gives update on employee who hid $151M

Employee at large chain hid 1 billion. DKK to cover up a blunder Two weeks ago, the huge American department store chain Macy's had to postpone its planned quarterly accounts because the company made

Ansat hos storkæde skjulte 1 mia. kr. for at dække over bommertFor to uger siden måtte den enorme amerikanske stormagasinkæde Macy’s udskyde sit planlagte kvartalsregnskab, fordi selskabet gjorde sig

Ansat hos storkæde skjulte 1 mia. kr. for at dække over bommert

borsen.dk

Employee at large chain hid 1 billion. DKK to cover up a blunder

Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
Macy's reveals more about its $151 million accounting scandal.
Getty Images—VioletaStoimenova

Macy’s provides more details about that employee who hid more than $150 million worth of expenses

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