A Jericho man pleaded guilty to embezzling nearly $1 million from the company he worked for and using the company’s credit cards to pay for personal purchases.
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 discovered that the defendant 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, which identified potential fraud.
An investigation by the Nassau County District Attorney’s Office revealed that, between 2022 and 2023, Morgan used his two companies to embezzle more than $914,000 from his employer through a fraudulent invoicing scheme.
The defendant modified his employer’s job orders and diverted payments away from the company to companies that he controlled.
After the jobs were already completed and delivered by his employer, Morgan deleted line items from the company’s records to make the jobs appear smaller in the company’s system, causing the final generated invoice to be significantly reduced.
Morgan then fabricated his own invoices in the names of GM Concepts and Morgan Concepts for the difference of the work as originally requested by the client and produced by his employer. He then diverted those funds to his companies’ accounts, despite his companies not producing any of the billable work.
As a result, the defendant stole $914,432. Morgan used the embezzled funds for personal use, including to purchase a 36-foot Cigarette Gladiator boat, to 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 modified Amazon invoices to reflect his personal purchases as purported business-related expenses for his employer and submitted them to the company.
Morgan 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 Morgan did not claim the additional income in tax years 2022 and 2023 that he gained from his scheme, and, therefore, underpaid his income taxes by $95,003.
Morgan, 54, surrendered to NCDA Detective Investigators on June 25, 2025. On May 22, he pleaded guilty before Judge Caryn Fink to 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 and one count of Offering a False Instrument for Filing in the First Degree (all Class E felonies); Criminal Tax Fraud in the Second Degree (a Class C felony); and Criminal Tax Fraud in the Third Degree (a Class D felony).
Morgan is expected to receive one to three years in prison upon sentencing. The Nassau County District Attorney’s Office recommended a sentence of three to nine years in prison.
“For two years, this defendant cashed in on deception to the tune of nearly $1 million, concocting fake invoices to steer company funds to his own businesses and spending the ill-gotten gains on a luxury lifestyle,” said Nassau DA Anne Donnelly. “Morgan wanted someone else to foot the bill for his luxurious lifestyle, but that life is over, and he will soon be heading to state prison.”