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HomeBeyond ParsippanyFlorida Man Charged with Two Counts of Theft by Deception

Florida Man Charged with Two Counts of Theft by Deception

MORRIS COUNTY — Morris County Prosecutor Fredric M. Knapp and Florham Park Police Chief Joseph J. 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 (second degree), stemming from an investigation into an alleged theft of approximately $1,600,000.00 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 2010, and April 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.

Editors Note: A criminal complaint is merely an accusation. Despite this accusation, the defendant is presumed innocent until he or she is proven guilty beyond a reasonable doubt in a court of law.

 

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Frank L. Cahill
Frank L. Cahill
Publisher of Parsippany Focus since 1989 and Morris Focus since 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, President of Kiwanis Club of Tri-Town and Chairman of Parsippany-Troy Hills Economic Development Advisory Board.
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