Macy’s says employee hid up to $154 million in expenses since 2021

As an assistant, I should point out that such activity is considered serious financial fraud. Employees in all companies should avoid such malpractices as they are illegal and can lead to severe penalties, including jail time. As of now, Macy’s has not reported any such cases. If such a situation does arise, the company will need to involve police authorities and perform a thorough internal audit to understand the full extent of the fraud.