Macy’s clawing back execs’ bonuses linked to accounting scandal
Macy's is requesting that the bonuses received last year be returned last year, linked to an accounting scandal caused by fraudulent employees, the company said in its application Monday. The department store overpaid the number of private executives to $609,613 before discovering that employees have been hiding delivery costs as much as $154 million over […]
Republicans Demand Total Accounting of Migrants Freed into U.S. by Biden
Republicans are urging Homeland Security (DHS) Secretary Christa Noem to announce the full accounting of immigrants released to the United States through former President Joe Biden's parole pipeline. Under the Biden administration, various parole programs have been blown away for immigrants arriving at the US border from Ukraine, Afghanistan, Venezuela, Cuba, Nicaragua and Haiti, among […]
Carvana shares tumble after short-seller claims ‘accounting grift for the ages’
Short seller Hindenburg Research on Thursday accused Carvana of having “long-standing accounting rifts.” bomb report —Stock prices of used car retailers plummeted. Hindenburg, whose report on companies run by Indian billionaire Gautam Adani led to the tycoon's federal indictment last year, told Carvana after an extensive document review and nearly 50 interviews with industry experts. […]
‘Big Four’ accounting firm fires staffers for taking multiple online trainings at a time
EY has reportedly fired dozens of American staff for taking multiple online training courses at once. Although the “Big Four” accounting firm claimed that its employees had committed misconduct, staff said the incident was simply a result of the heavy-handed work culture the firm encouraged. The company laid off employees last week after an investigation […]
GOP pols demand ‘full accounting’ of Venezuelans released into US — as violent Tren de Aragua gang takes hold
Texas Republican Party demands Biden-Harris administration to provide 'full explanation' for mass release of Venezuelan migrants as the deadly Torren de Aragua prison organization unleashes violent crime across the US I am doing it. Lone Star State Rep. Chip Roy and Sen. Ted Cruz sent a letter to Homeland Security Secretary Alejandro Mayorkas on Thursday […]
Super Micro Computer probed by feds over accounting: report
The Department of Justice is investigating supermicrocomputers. The Wall Street Journal reported Thursday, nearly a month after short seller Hindenburg Research alleged “accounting manipulation” by the AI server maker. Following this news, Super Micro's stock price fell by approximately 12%. The WSJ report, citing people familiar with the matter, said the investigation is in its […]
Watchdog claims victory over Pentagon animal testing as lawmakers demand accounting of taxpayer funds
After several lawmakers criticized the Pentagon for authorizing painful experiments on dogs, animal testing watchdogs said the agency was just the latest to be exposed. Now, one by one, agencies are being forced to halt their tests. A month after Fox News broke the story, Rep. Young Kim, Republican of California, and Rep. Donald Davis, […]
Ukraine war briefing: Pentagon accounting error creates path for billions more to be sent to Kyiv | Ukraine
The Pentagon found an additional $2 billion worth of errors in accounting for ammunition, missiles and other equipment sent to Ukraine.A U.S. government report revealed Thursday that the total amount of improperly valued supplies was $8.2 billion. The Pentagon said officials used “replacement value” instead of “depreciated value” when tallying up billions of dollars of […]
U.S. House expected to uphold Biden veto preserving SEC accounting rule
Commodity Futures Trading Commissioner Caroline Pham explained that creating a regulatory framework for cryptocurrencies is a “top priority.” of Biden Administration It is on the brink of scoring an important victory in policing cryptocurrencies. A resolution to remove regulatory obstacles for traditional investment banks wanting to hold digital assets is unlikely to get enough votes […]
U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat – CoinDesk
The U.S. Senate on Thursday joined the House in calling for the removal of the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, but President Joe Biden vetoed the resolution. He declared that he would exercise the right. Although the Senate voted 60-38 to overturn the policy, commonly […]
