{"id":41699,"date":"2025-08-20T20:17:43","date_gmt":"2025-08-20T20:17:43","guid":{"rendered":"https:\/\/microloannexus.com\/?p=41699"},"modified":"2025-08-20T20:17:47","modified_gmt":"2025-08-20T20:17:47","slug":"food52-exec-stole-at-least-270k-used-company-credit-card","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=41699","title":{"rendered":"Food52 Exec Stole at Least $270K, Used Company Credit Card"},"content":{"rendered":"<div>\n<p>A former Food52 executive, Shannon Muldoon, 38, recently took a plea deal for making personal charges on the company credit card \u2014 for more than $270,000.<\/p>\n<p>Muldoon was indicted in August 2024 for one count of grand larceny in the second degree, but she won&#8217;t face jail time; she accepted a plea deal earlier this summer for five years of probation, per an expos\u00e9 this week from <i>The Cut<\/i>.<\/p>\n<p>&#8220;She basically walked away with all of the clothes. And the memories,&#8221; a coworker told the outlet.<\/p>\n<p><b>Related: <\/b>Another &#8217;30-Under-30&#8242; Business Superstar Was Convicted of Fraud \u2014 This Time for Defrauding JPMorgan Chase Out of $175M<\/p>\n<p>Muldoon was running Food52&#8217;s branded content arm, Studio 52, and was issued a company credit card. According to the report, from 2021 to 2023, she charged hundreds of thousands of dollars worth of expenses, including Botox, fancy gyms, designer clothes, and travel to wellness retreats. There were excessive charges from the luxury clothing site, Net-a-Porter, despite Food52&#8217;s policy of not providing clothes for talent at photo shoots. (Executives learned of this policy after the fact.)<\/p>\n<p><i><sup> Sophie Nathan, Shannon Muldoon, and Christine Tebcherany attend &#8220;Fitness Junkie&#8221; Book Launch at Longchamp on July 11, 2017, in New York City. Sean Zanni\/Patrick McMullan | Getty Images<\/sup><\/i><\/p>\n<p>However, Muldoon was keeping the expensing and labeling up to code, and the software that tracked employee expense reports didn&#8217;t catch anything, according to the report. But after a company reorganization in 2022 and Muldoon taking extensive time off in 2023, colleagues began questioning things like why producing their videos was so expensive and how Muldoon afforded her lifestyle, which she was showcasing on Instagram.<\/p>\n<p>&#8220;The $270,000 in unauthorized purchases is a very conservative estimate as to Ms. Muldoon&#8217;s theft,&#8221; the Manhattan DA&#8217;s office said, according to court documents seen by <i>The Cut<\/i>. &#8220;Our investigation showed additional unauthorized purchases from other luxury clothing brands, furniture companies, and other travel-related charges.&#8221;<\/p>\n<p><b>Related:<\/b> The Latest on Art World Scam Artist Anna &#8216;Delvey&#8217; Sorokin<\/p>\n<p><i>Future Commerce<\/i> points out that this case highlights a major failure of corporate oversight and how modern, automated expensing systems and approval processes can &#8220;enable years of unchecked financial abuse.&#8221;<\/p>\n<p><i>The Cut<\/i> reported that Muldoon has paid $15,000 in restitution so far, but could face penalties up to $262,000, which will be determined in September.<\/p>\n<p><sup><i>Join top CEOs, founders and operators at the<\/i><i> <\/i><i>Level Up conference<\/i><i> to unlock strategies for scaling your business, boosting revenue and building sustainable success.<\/i><\/sup><\/p>\n<\/div>\n<div>\n<div class=\"first-letter:float-left first-letter:text-8xl first-letter:pr-1 first-letter:-mt-1 first-letter:font-black first-letter:text-gray-500 prose prose-blue max-w-3xl text-lg leading-relaxed mb-12\">\n<p>A former Food52 executive, Shannon Muldoon, 38, recently took a plea deal for making personal charges on the company credit card \u2014 for more than $270,000.<\/p>\n<p>Muldoon was indicted in August 2024 for one count of grand larceny in the second degree, but she won&#8217;t face jail time; she accepted a plea deal earlier this summer for five years of probation, per an expos\u00e9 this week from <i>The Cut<\/i>.<\/p>\n<p>&#8220;She basically walked away with all of the clothes. And the memories,&#8221; a coworker told the outlet.<\/p>\n<\/div>\n<div class=\"justify-center bg-gray-100 flex flex-col sm:flex-row rounded-lg p-6 align-middle sm:text-left text-center\">\n<div class=\"flex flex-col justify-center align-middle mr-0 sm:mr-16\">\n<p class=\"text-sm leading-5 my-0\">\n      The rest of this article is locked.\n    <\/p>\n<p class=\"text-xl text-black font-bold leading-5 my-1\">\n      Join Entrepreneur<span class=\"text-yellow-500\">+<\/span> today for access.\n    <\/p>\n<\/p><\/div>\n<\/div><\/div>\n<p>Read the full article <a href=\"https:\/\/www.entrepreneur.com\/business-news\/food52-exec-stole-at-least-270k-used-company-credit-card\/496139\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A former Food52 executive, Shannon Muldoon, 38, recently took a plea deal for making personal charges on the company credit card \u2014 for more than $270,000. Muldoon was indicted in August 2024 for one count of grand larceny in the second degree, but she won&#8217;t face jail time; she accepted a plea deal earlier this<\/p>\n","protected":false},"author":1,"featured_media":41700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[32],"class_list":{"0":"post-41699","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-make-money","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Food52 Exec Stole at Least $270K, Used Company Credit Card | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"A former Food52 executive, Shannon Muldoon, 38, recently took a plea deal for making personal charges on the company credit card \u2014 for more than\" \/>\n<meta name=\"robots\" content=\"index, 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