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

A former Food52 government, Shannon Muldoon, 38, not too long ago took a plea deal for making private prices 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 Reduce.

“She mainly walked away with the entire 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 response to the report, from 2021 to 2023, she charged a whole bunch of 1000’s of {dollars} price of bills, together with Botox, fancy gyms, designer garments, and journey to wellness retreats. There have been extreme prices from the luxurious clothes web site, Internet-a-Porter, regardless of Food52’s coverage of not offering garments for expertise at photograph shoots. (Executives discovered of this coverage after the actual fact.)

^{Sophie Nathan, Shannon Muldoon, and Christine Tebcherany attend “Health Junkie” Guide Launch at Longchamp on July 11, 2017, in New York Metropolis. Sean Zanni/Patrick McMullan | Getty Pictures}

Nonetheless, Muldoon was maintaining the expensing and labeling as much as code, and the software program that tracked worker expense stories did not catch something, based on the report. However after a firm reorganization in 2022 and Muldoon taking intensive day off in 2023, colleagues started questioning issues like why producing their movies was so costly and the way Muldoon afforded her life-style, 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, based on court docket paperwork seen by The Reduce. “Our investigation confirmed further unauthorized purchases from different luxurious clothes manufacturers, furnishings corporations, and different travel-related prices.”

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

The Reduce reported that Muldoon has paid $15,000 in restitution thus far, however might face penalties as much as $262,000, which will probably be decided in September.

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