A Jericho man has pleaded guilty to stealing nearly $1 million from the digital printing company where he worked, using the money to buy luxury items including a 36-foot Cigarette Gladiator boat, home renovations, and expensive personal purchases on Amazon, according to Nassau County prosecutors.
Gregory Morgan, 54, pleaded guilty before Judge Caryn Fink to multiple felony charges, including second-degree grand larceny, third-degree grand larceny, falsifying business records, offering a false instrument for filing, and criminal tax fraud.
Morgan is expected to receive a sentence of one to three years in prison when he is sentenced. Prosecutors recommended a prison term of three to nine years.
According to Nassau County District Attorney Anne T. Donnelly, Morgan carried out the scheme while working as a sales representative for a full-service digital printing company.
“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,” Donnelly said.
Prosecutors said Morgan owned two corporations, GM Concepts, Inc. and Morgan Concepts, Inc., which he used to divert money away from his employer between 2022 and 2023.
Authorities said Morgan altered company job orders after work had already been completed and delivered to clients. He allegedly deleted line items from the company’s records to make projects appear smaller than they actually were, reducing the company’s official invoices.
Morgan then created separate invoices through his own companies for the remaining balance and directed those payments into accounts he controlled, despite his companies not performing any of the work, prosecutors said.
The scheme allegedly allowed Morgan to steal $914,432 from the company.
According to investigators, Morgan used the stolen funds to purchase a 36-foot Cigarette Gladiator boat, pay for at least $170,000 in home renovations, and fund a brokerage account.
Prosecutors also said Morgan used the company’s credit card to make unauthorized Amazon purchases totaling $36,116.
Authorities said Morgan altered Amazon invoices to disguise the personal purchases as business expenses before submitting them to the company for payment.
The purchases included Apple Watches, gift cards, an electric scooter, a nearly $2,000 Miele coffee machine, home improvement supplies, and other household items.
The investigation further determined that Morgan failed to report the illegal income on his New York State tax returns for 2022 and 2023, underpaying taxes by approximately $95,003, according to prosecutors.
Morgan surrendered to Nassau County District Attorney Detective Investigators on June 25, 2025.
The case is being prosecuted by Senior Investigative Counsel Sara Schwartz of the Major Financial Frauds Bureau.
