Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses
CPA Practice
NOVEMBER 5, 2024
In mid-June 2023, a Lovesac employee reported to Lovesac’s outside auditor a fraudulent entry in the company’s general ledger that Um had made in late April 2023, with Dellomo’s approval, according to the lawsuit. The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2
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