Allegedly Stole More Than $950K from His Employer; Failed to Pay Income Taxes in 2022, 2023
A former Merrick man was indicted for allegedly embezzling money from his employer and failing to pay his income taxes for two straight years.
Gregory 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 Morgan had used the company’s credit card to make unauthorized personal purchases. The company terminated Morgan based on its findings in October 2023 and conducted an internal review and audit of the sales that Morgan had handled for the company, allegedly identifying potential fraud.
NCDA’s investigation revealed that, between 2022 and 2023, Morgan allegedly used his two companies, GM Concepts and Morgan Concepts, to embezzle more than $914,432 from his employer through a fraudulent invoicing scheme. He allegedly modified his employer’s job orders and diverted payments away from the company to companies that he controlled.
Morgan allegedly deleted line items from the company’s records to make the jobs appear smaller and then fabricated his own invoices in the names of GM Concepts and Morgan Concepts for the full scope of the work as originally requested by the client. He then allegedly diverted those funds to his companies.
As a result, Morgan allegedly stole $914,432. 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.
Separately, Morgan used the company’s credit card to make dozens of unauthorized personal purchases on Amazon. He allegedly modified Amazon invoices reflecting his personal purchases to appear to be business-related expenses for his employer and submitted them to the company.
Morgan allegedly spent $36,116 on Amazon for personal purchases including gift cards, an electric scooter, Apple watches, a nearly $2,000 Miele coffee maker, home improvement items, and other household items.
The investigation also determined, based on records from the New York State Department of Taxation and Finance, that the defendant did not claim the additional income in tax years 2022 and 2023 that he gained from his alleged scheme, allegedly underpaying his income taxes by $95,003 as a result.
Morgan, 54, surrendered to NCDA Detective Investigators on June 25, 2025. He was arraigned before Judge Robert Schwartz on grand jury indictment charges of Grand Larceny in the Second Degree (a Class C felony); Grand Larceny in the Third Degree (a Class D felony); 39 counts of Falsifying Business Records in the First Degree (a Class E felony); Offering a False Instrument for Filing in the First Degree (a Class E felony); Criminal Tax Fraud in the Second Degree (a Class C felony); and Criminal Tax Fraud in the Third Degree (a Class D felony).
Morgan pleaded not guilty and was released on his own recognizance. He is due back in court on July 31, 2025. If convicted, the defendant faces up to 5 to 15 years in prison.
“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,” said Nassau County District Attorney Anne Donnelly. “But that wasn’t enough for this defendant … . Individuals who lie and steal to enrich themselves and satisfy their greed will always be held accountable by my office.”