Payroll Fraud Could Cost KeyCorp $90M
PYMNTS
JULY 16, 2019
The customer involved in the fraud is Interlogic Outsourcing, which processes payrolls and is based in Elkhart, Indiana. percent and the company lost about $178 million from its market cap, dragging it to $17.56 The event occurred in the beginning of Q3. Shares in KeyCorp fell 1.8 billion from $17.735 billion. KeyBankâs five-year, $16.5
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