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A New York man has been accused of scamming investors of more than $700,000 over the past year and a half, authorities announced.
Long Island resident Matthew Gallagher, age 37, of Rocky Point, used investment schemes in fraudulent startup business ventures and insurance-related frauds to scam 16 victims between November 2019 and April 2021, according to an investigation by Suffolk County Police.
Gallagher was arrested just before 10 p.m. Wednesday, April 28 at the Seventh Precinct in Shirley, according to police.
He was charged with:
Six counts of second-degree grand larceny,
Eight counts of third-degree grand larceny,
Four counts of first-degree identity theft,