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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.

Jason Weisberger
Nov 25, 2024
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Cash. Photo: Epiccure / Shutterstock

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…

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