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Rockville Centre Man Stole $1.6M from Nonprofits, DA Says
A Rockville Centre man has been arrested for stealing more than $1.6 million from two women and two nonprofits that fundraise to help children with special needs children, Nassau County prosecutors said.
Drew Morgan was charged Wednesday with four counts of grand larceny.
Prosecutors said that the 42-year-old embezzled $1,086,453 between February 2008 and January 2013 from the Anchor Building Fund, Inc. while acting as its treasurer of the not-for-profit corporation that runs Camp A.N.C.H.O.R., which is short for Answering the Needs of Citizens with Handicaps through Organized Recreation—a program serves children and adults with special needs.
He also allegedly stole $130,558 more between June 2010 and December 2012 from the Corporation for the Social and Exceptionally Challenged Kids, a nonprofit that raised funds for Camp A.N.C.H.O.R. and Impact OASIS, a group that promotes the acceptance and inclusion of people autism.
Investigators uncovered the alleged thefts while examining Morgan’s bank records during a separate probe into allegations he stole $475,000 from two sisters that hired him as their financial planner as the principal of DKM Financial Corp. and owner of Rockstead Venture Capital LLC.
Prosecutors said that he spent the victims’ investment to pay for a membership in the Hempstead Golf Club, airline travel and hotel stays, restaurants, credit and debit card purchases, appliances, home furnishings and personal expenses between October 2008 and January 2010.
Morgan faces up to 25 years in prison if convicted and is scheduled to be arraigned Wednesday at First District Court in Hempstead.