Payroll Fraud Could Cost KeyCorp $90M
PYMNTS
JULY 16, 2019
In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. percent and the company lost about $178 million from its market cap, dragging it to $17.56 Shares fell on the news. The event occurred in the beginning of Q3. Shares in KeyCorp fell 1.8
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