Posted Wednesday, August 8th, 2018
Florida Man Charged with Theft by Deception
Morris County Prosecutor Fredric M. Knapp and Florham Park Police Chief Joseph Orlando announce the arrest of David A. Seigerman, 47, a former financial representative of Morgan Stanley and Janney Montgomery Scott, on two counts of Theft by Deception, stemming from an investigation into an alleged theft of approximately $1.6 million from two New York City residents.
This joint investigation was conducted by the Florham Park Police Department and the Morris County Prosecutor’s Office.
The investigation determined that Seigerman accomplished this alleged theft by creating a fictitious company registered in Florida and convincing the victims to transfer money into the company’s bank account between July of 2010 and April of 2015.
These funds were allegedly and subsequently used by the defendant for his own benefit, including the purchase of a home on Normandy Parkway in Morristown.
Seigerman was barred from acting as a broker or otherwise being associated with a broker-dealer firm by the Financial Industry Regulatory Authority (FINRA) in 2016.
Prosecutor Knapp would like to thank Detective Thomas Gallagher of the Morris County Prosecutor’s Office Financial Crimes Unit and Detective Michael Neilan of the Florham Park Police Department for their hard work and dedication during this investigation.
Inquiries should be directed to [email protected].