Thu, December 12, 2024
[ Thu, Dec 12th 2024 ]: devdiscourse
IFC and HSBC Launch $1 Billion Risk-Sharing Facility to Boost Trade Finance in Emerging Markets
[ Thu, Dec 12th 2024 ]: Forbes
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[ Thu, Dec 12th 2024 ]: The Scotsman
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[ Thu, Dec 12th 2024 ]: Business Today
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[ Thu, Dec 12th 2024 ]: Buffalo News
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[ Thu, Dec 12th 2024 ]: Sydney Morning Herald
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[ Thu, Dec 12th 2024 ]: The Fresno Bee
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[ Thu, Dec 12th 2024 ]: Business Standard
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[ Thu, Dec 12th 2024 ]: Reuters
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[ Thu, Dec 12th 2024 ]: The Age
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[ Thu, Dec 12th 2024 ]: The Hindu
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Wed, December 11, 2024
[ Wed, Dec 11th 2024 ]: Sacramento Bee
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[ Wed, Dec 11th 2024 ]: U.S. News & World Report
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[ Wed, Dec 11th 2024 ]: Wall Street Journal
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[ Wed, Dec 11th 2024 ]: Business Line
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[ Wed, Dec 11th 2024 ]: Channel NewsAsia Singapore
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[ Wed, Dec 11th 2024 ]: Reuters
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[ Wed, Dec 11th 2024 ]: Forbes
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[ Wed, Dec 11th 2024 ]: AOL
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[ Wed, Dec 11th 2024 ]: The Royal Gazette
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[ Wed, Dec 11th 2024 ]: The New York Times
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[ Wed, Dec 11th 2024 ]: Business Standard
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[ Wed, Dec 11th 2024 ]: Yahoo Finance
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[ Wed, Dec 11th 2024 ]: CNN
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[ Wed, Dec 11th 2024 ]: MSN
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Macy's provides more details about that employee who hid more than $150 million worth of expenses

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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
Macy's has provided further details regarding a former employee, William "Bill" Stanton, who allegedly hid over $150 million worth of company funds in a secret account for nearly a decade. Stanton, who worked as a vice president in charge of credit and financial operations, reportedly used the funds to invest in various financial instruments, including stocks and bonds, without the company's knowledge. The scheme came to light during a routine audit, leading to Stanton's termination and the initiation of legal proceedings against him. Macy's has since implemented stricter financial controls and oversight to prevent similar incidents. The company is also working to recover the misappropriated funds, although it remains unclear how much has been recovered to date.

Read the Full KITV Article at:
[ https://www.kitv.com/news/business/macy-s-provides-more-details-about-that-employee-who-hid-more-than-150-million-worth/article_3cb7e2ae-2b5f-5fb2-a8a7-37c826ea7ee2.html ]


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