Macy’s Discovers $154 Million Accounting Fraud, Delays Earnings Release

Nov 25, 2024

Macy’s has announced a significant accounting fraud that could impact its financial performance. A former employee is suspected of concealing up to $154 million in delivery expenses over a three-year period. The company discovered the fraudulent activity while preparing its third-quarter financial report. The employee… Macy’s Discovers $154 Million Accounting Fraud, Delays Earnings Release