Another GM financial fumble worth $4 million

The accounting department of General Motors has dropped the ball again by accidentally paying nearly $4 million to Paulis J.R. Industries for a part worth $1,988. The accounting mistake can be traced back to a typo on the invoice that erroneously listed the quantity of parts ordered as 1,988 instead of 1.
Jack Paulis, owner of Paulis J.R., made repeated attempts at returning the money though was turned away multiple times by the company’s apathy concerning the gaff. After finally being instructed to mail a check back to the company, Paulis contacted a local news station that got involved, thereby inciting the interest of the sleeping giant. Paulis was then quickly instructed to drop the check off at a local GM office.

[Thanks Finished Law School for the tip]

Share This Photo X