The Monday 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

San Diego Man Busted for Bribing the IRS

A San Diego man handed over $30,000 in cash to an IRS agent, hoping to wipe out his $500,000 tax debt. 

What he didn’t know, the agent was undercover. He was arrested and now faces up to 15 years in prison. A bold gamble with Uncle Sam that didn’t pay off.

Source

💎 What’s poppin in accounting

Entergy Fined $12M for Bad Accounting

Entergy, the energy company powering homes across the South, just got hit with a $12M fine. They misclassified costs to make their finances look stronger, fooling investors in the process. 

Regulators called it a serious breach of trust. When you’re this big, bad accounting comes with a hefty price tag.

Source

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 📊 Weekly Trend Chart

Delta Airlines’ Revenue Doubles

Delta Airlines has been on a tear, doubling its revenue compared to pre-pandemic levels. Thanks to skyrocketing demand for travel and higher ticket prices, the airline has soared past expectations. 

It’s a big win for the industry and a sign that people are back to flying in droves.

#😂

😂😂 where my android users at ?

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