Macy's Uncovers $154M Expense Fraud By Ex-Employee

Macy's Uncovers $154M Expense Fraud By Ex-Employee

Macy’s has revealed that a single employee hid up to $154 million in expenses over nearly three years, forcing the retailer to delay its quarterly earnings report. According to CNN, The employee, no longer with the company, used false accounting entries to mask small delivery costs. Here’s more:

  • https://www.msn.com/en-us/money/companies/macy-s-uncovers-154m-expense-fraud-by-ex-employee/ss-AA1uMGV0?ocid=00000000

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