Macy's delays earnings after worker hid millions in expenses

An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.

Nov 26, 2024 - 06:00
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Macy's delays earnings after worker hid millions in expenses
An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.