The Tuesday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Film Accountant Busted for $2M Vegas Blowout

Joshua Mandel, a 46 year-old film production accountant from LA’s San Fernando Valley, was charged with stealing nearly $2M from movie projects he worked on.

From 2019–2023, Mandel allegedly funneled production funds into a prepaid account he literally named “Fun Fun Fun,” then blew the cash on Vegas hotels, Louis Vuitton, and paying “companions” including porn stars and a woman he met on a sugar daddy site.

He now faces up to 20 years in prison for each of the six wire fraud counts.

Source: MSN

💎 What’s poppin in accounting

EY Cutting 130 Jobs in NJ

Big 4 firm Ernst & Young is laying off 130 employees in its Hoboken, Iselin, and Secaucus offices this fall, citing “operational inefficiencies” and underperforming service lines.

EY isn’t alone, PwC cut 1,500 staff earlier this year and layoffs are spiking across New Jersey. Over 8,000 job cuts were announced in the first half of 2025.

Source: NorthJersey.com (yeah, it’s behind a paywall — we pay so you don’t have to)

 📊 Weekly Trend Chart

Meta Makes 10x More From You Than Snapchat Does

Reddit, Pinterest, and Snapchat make around $2.50 a month from each North American user. Meta? About $26.

That’s more than Netflix’s priciest plan and it’s because Zuckerberg has two ad machines (Facebook + Instagram) hoovering up your attention. Even if you split the number in half for each platform, Meta still blows away the competition.

#😂 

😂

P.S. What'd you think of today's edition? Hit 'reply' to this email and lemme hear it!