Arrest for Alleged Investment Fraud in Non-Existent Marijuana Farm

PATCHOGUE, NY — Suffolk County Police arrested a man on Main Street in Patchogue for allegedly scamming investors out of more than $60,000 between December 2018 and March 2019.

After an investigation, Seventh Squad detectives arrested Matthew Gallagher of Rocky Point at about 5 p.m. on Thanksgiving Eve, Nov. 27. Police said they made the arrest along Patchogue’s Main Street. A specific location on Main Street was not disclosed.

Police allege Gallagher collected money from three victims and told them they were investing in a legal marijuana farm in California. According to police, the victims were promised a high return on their investment in the farm, which detectives have determined does not exist.

Gallagher, 36, was charged with Scheming to Defraud 1st Degree, three counts of Grand Larceny 3rd Degree and Identity Theft 1st Degree.

Police said Gallagher will be arraigned at First District in Central Islip today.

The investigation is continuing. Anyone who has additional information or believes they have been a victim is asked to call Seventh Squad detectives at 631-852-8752 or call Crime Stoppers at 800-220-TIPS. All calls will be kept confidential.

Police remind the public that a criminal charge is an accusation. A defendant is presumed innocent until and unless proven guilty.

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