Macy's says employee hid up to $154M in expenses, delaying Q3 earnings

The company recently discovered that the unnamed employee intentionally hid as much as $154 million in expenses over the course of nearly three years, prompting the retailer to conduct an independent forensic accounting investigation. The employee, whom Macy's said is no longer with the company, "intentionally made erroneous accounting accrual entries" to hide small package delivery expenses. Macy's did not say why the employee hid the expenses. MORE: https://abc7.com/post/macys-found-single-employee-hid-154-million-worth-expenses/15585186/