Food52 Exec Stole at Least $270K, Used Firm Credit score Card

[ad_1] A former Food52 govt, Shannon Muldoon, 38, just lately took a plea deal for making private expenses on the corporate bank card — for greater than $270,000.

Muldoon was indicted in August 2024 for one rely of grand larceny within the second diploma, however she will not face jail time; she accepted a plea deal earlier this summer time for 5 years of probation, per an exposé this week from The Minimize.

"She mainly walked away with all the garments. And the reminiscences," a coworker advised the outlet.

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Muldoon was working Food52's branded content material arm, Studio 52, and was issued an organization bank card. In line with the report, from 2021 to 2023, she charged a whole bunch of hundreds of {dollars} price of bills, together with Botox, fancy gyms, designer garments, and journey to wellness retreats. There have been extreme expenses from the luxurious clothes web site, Web-a-Porter, regardless of Food52's coverage of not offering garments for expertise at picture shoots. (Executives discovered of this coverage after the very fact.)

Sophie Nathan, Shannon Muldoon, and Christine Tebcherany attend "Health Junkie" Ebook Launch at Longchamp on July 11, 2017, in New York Metropolis. Sean Zanni/Patrick McMullan | Getty Photos

Nevertheless, Muldoon was conserving the expensing and labeling as much as code, and the software program that tracked worker expense reviews did not catch something, in response to the report. However after an organization reorganization in 2022 and Muldoon taking intensive time without work in 2023, colleagues started questioning issues like why producing their movies was so costly and the way Muldoon afforded her way of life, which she was showcasing on Instagram.

"The $270,000 in unauthorized purchases is a really conservative estimate as to Ms. Muldoon's theft," the Manhattan DA's workplace mentioned, in response to courtroom paperwork seen by The Minimize. "Our investigation confirmed extra unauthorized purchases from different luxurious clothes manufacturers, furnishings firms, and different travel-related expenses."

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Future Commerce factors out that this case highlights a significant failure of company oversight and the way fashionable, automated expensing techniques and approval processes can "allow years of unchecked monetary abuse."

The Minimize reported that Muldoon has paid $15,000 in restitution to this point, however might face penalties as much as $262,000, which shall be decided in September.

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A former Food52 govt, Shannon Muldoon, 38, just lately took a plea deal for making private expenses on the corporate bank card — for greater than $270,000.

Muldoon was indicted in August 2024 for one rely of grand larceny within the second diploma, however she will not face jail time; she accepted a plea deal earlier this summer time for 5 years of probation, per an exposé this week from The Minimize.