Massive embezzlement delays Macy's earnings
Macy's has been forced to delay the release of its quarterly financials as they discovered a $154 million case of embezzlement.
Macy's has been forced to delay the release of its quarterly financials as they discovered a $154 million case of embezzlement.
A single employee set up a scheme around "small package delivery" that involved stealing 154 million dollars from Macy's. The thievery is reported to have occurred over three years, and natura…