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

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. (Credit: Howard Schnapp)

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.


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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.

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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