PD: Suffolk man arrested after scamming investors out of more than $700k

PD: Suffolk man arrested after scamming investors out of more than $700k

Shirley, NY-  Suffolk County Police say a Rocky Point man scammed over a dozen investors out of more than a half a million dollars.  According to detectives, over the past year and a half, Matthew Gallagher, 37, of 6 Rosewood Road, defrauded more than 16 victims out of over $700,000.  Police say Gallagher, used various investment schemes and insurance-related frauds to dupe his victims into turning money over to him.  Gallagher was charged with two counts of Scheming to Defraud 1st Degree, six counts of Grand Larceny 2nd Degree, eight counts of Grand Larceny 3rd Degree, four counts of Identity Theft 1st Degree, six counts of Issuing a Bad Check, and one count of Attempted Grand Larceny 3rd Degree.  Police are asking anyone who has additional information or who believes they may have been a victim, to call Seventh Squad detectives at 631-852-8752.

 

Photo: Suffolk County Police