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.

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 naturally, the employee is no longer with the firm. — Read the rest

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