A former Food52 govt, Shannon Muldoon, 38, 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 season for 5 years of probation, per an exposé this week from The Reduce.
“She principally walked away with all the garments. And the reminiscences,” a coworker advised the outlet.
Muldoon was operating Food52’s branded content material arm, Studio 52, and was issued an organization bank card. Based on the report, from 2021 to 2023, she charged a whole lot of 1000’s of {dollars} value of bills, together with Botox, fancy gyms, designer garments, and journey to wellness retreats. There have been extreme expenses from the posh clothes web site, Internet-a-Porter, regardless of Food52’s coverage of not offering garments for expertise at picture 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 Photos
Nevertheless, Muldoon was protecting the expensing and labeling as much as code, and the software program that tracked worker expense stories did not catch something, in response to the report. However after a firm reorganization in 2022 and Muldoon taking in depth time without work 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 stated, in response to courtroom paperwork seen by The Reduce. “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 serious failure of company oversight and the way trendy, automated expensing programs and approval processes can “allow years of unchecked monetary abuse.”
The Reduce reported that Muldoon has paid $15,000 in restitution up to now, however may face penalties as much as $262,000, which will probably be decided in September.
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A former Food52 govt, Shannon Muldoon, 38, 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 season for 5 years of probation, per an exposé this week from The Reduce.
“She principally walked away with all the garments. And the reminiscences,” a coworker advised the outlet.
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