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NY Man Indicted In $700,000 Investment Scheme NY Man Indicted In $700,000 Investment Scheme
NY Man Indicted In $700,000 Investment Scheme A New York man has been indicted for scamming investors out of more than $700,000, authorities announced. Long Island resident Matthew Gallagher, age 37, of Rocky Point, used various investment schemes to scam 24 victims over a period of about four years, according to an investigation by Suffolk County Police and Suffolk County District Attorney Timothy D. Sini. “We have 24 people here who gave their savings to this defendant with the promise of sound investments only to be lied to and swindled out of their hard-earned money,” Sini said. “He was allegedly selling them on investing in b…

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by Joe Lombardi