In late 2024, Macy’s announced that a single employee had made a number of intentional accounting errors. These errors caused Macy’s to delay their quarterly earnings, making a statement that the anonymous employee intentionally hid up to $154 million in expenses over the course of three years. Macy’s reported that said employee created a number of false accounting entries to misclassify delivery costs. This resulted in an inflation of executive bonuses, however it was confirmed that said employee was not motivated by personal gain, but was trying to cover up a bookkeeping mistake.
https://www.cnn.com/2024/11/25/business/macys-accounting-expenses-earnings
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