Rocky Point Man Arrested for Allegedly Scamming Investors

Rocky Point Man Arrested for Allegedly Scamming Investors

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Police said Rocky Point man Matthew Gallagher defrauded investors. Photo from SCPD

Suffolk County Police arrested a Rocky Point man Nov. 27 for allegedly scamming investors out of more than $60,000 between December, 2018 and March, 2019.

7th Squad detectives arrested Matthew Gallagher, 36, at around 5 p.m. Police said the man had collected money from three victims while telling them they were investing in a legal marijuana farm in California. Victims were promised a high return on their investment in the farm, which detectives said does not exist.

Gallagher, was charged with scheming to defraud 1st degree, three counts of grand larceny 3rd degree and identity theft 1st degree.

His attorney was listed as Miguel Alvarado, of the Hempstead firm Mejias Milgrim & Alvarado. The attorney did not immediately return calls for comment by Friday, Nov. 29.

The investigation is continuing. Police have asked anyone who has additional information or believes they have been a victim to call 7th Squad detectives at 631-852-8752 or call Crime Stoppers at 800-220-TIPS.

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