Financial planner pleads not guilty to stealing more than $1M from special needs camp in Lido Beach


Drew Morgan, a former board trustee and treasurer of the Anchor Building Fund Inc., who is accused of embezzling about $1.1 million from a camp for special-needs people leaves Nassau County Court in Mineola on July 8, 2014, after being arraigned. Photo Credit: Howard Schnapp

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A Rockville Centre financial planner pleaded not guilty Tuesday to grand larceny charges that include an accusation that he stole more than $1 million meant for a facility for special needs people.

Authorities on Tuesday unsealed an indictment charging Drew Morgan, 43, with one count of first-degree grand larceny and three counts of second-degree grand larceny.

The Nassau district attorney's office said Morgan will face 8 1/3 years to 25 years in prison if found guilty of the top charge.

He and his attorney, Gary Farrell of Manhattan, declined to comment after his arraignment in Mineola.

Prosecutors have alleged Morgan stole about $1.1 million meant for Camp ANCHOR in Lido Beach while he was treasurer for a fund maintained by a nonprofit that runs the recreation program for disabled children and adults with the Town of Hempstead.

Authorities also claim Morgan stole more than $130,000 from a nonprofit created to raise money for ANCHOR and a group that helps autistic people, along with $475,000 from two financial planning clients.

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Prosecutors claim Morgan used the money for a golf membership, travel, home furnishings and other items, such as groceries and gas.

He has been free after posting a $240,000 bond and is due back in court Sept. 19.

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