Former Nassau Resident Indicted For Nearly $1 Million Embezzlement Scheme, Tax Fraud: DA

MINEOLA, NY — A former Merrick resident was indicted on charges in connection to embezzling nearly $1 million from his employer, prosecutors said.

Gregory Morgan, 54, was arraigned on Wednesday on charges that include second-degree grand larceny, 39-counts of first-degree falsifying business records and first-degree offering a false instrument for filing, Nassau County District Attorney Anne Donnelly said.

Morgan pleaded not guilty and was released on his own recognizance. He is due back in court on July 31. If convicted, he faces up to 5 to 15 years in prison.

According to the charges, Morgan, the sole owner of two corporations, GM Concepts, Inc. and Morgan Concepts, Inc., began working as a sales representative for a full-service digital printing company in 2015.

He was responsible for contacting new and existing clients to make sales relating to their graphic production needs for events and other endeavors.

In 2023, the company allegedly discovered that the defendant had used the company’s credit card to make unauthorized personal purchases, Donnelly said.

NCDA’s investigation revealed that between 2022 and 2023, Morgan allegedly used his two companies, GM Concepts and Morgan Concepts, to embezzle more than $900,000 from his employer through a fraudulent invoicing scheme, the D.A.'s office said.

He allegedly used the embezzled funds for personal use, including to purchase a 36-foot Cigarette Gladiator boat, pay for at least $170,000 worth of home renovations, and to fund a brokerage account, Donnelly said.

“Gregory Morgan allegedly saw his employer’s business as an opportunity to pad his own paycheck, siphoning money from client transactions he handled for over two years resulting in a more than $900,000 payday,” Donnelly said. “But that wasn’t enough for this defendant, who allegedly also used the company’s credit card to rack up another $36,000 in charges for personal purchases, like Apple watches, gift cards, and even a luxury coffee machine."

Patch attempted to a get a comment from Morgan's attorney Joseph Carbone.