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Rogue employee at Macy’s ‘hid’ up to $154M in expenses

Macy's announced that a fraudulent employee intentionally hid up to $154 million in expenses over the past several years, forcing the department store giant to postpone its quarterly earnings report. The company said the employee engaged in “intentional misaccounting” over a period of years, from the fourth quarter of 2021 through the most recent quarter […]