Bob Morgan, accused of falsifying and inflating construction contracts, will go on trial in 2021
ROCHESTER — A date has been set in the trial of the man who has been one of Rochester's biggest developers.
The United States Attorney's Office in the Western District of New York says that Bob Morgan will have his trial begin on Jan. 11, 2021.
Morgan is facing several federal charges, including money laundering and bank fraud. He stands accused of, with others, defrauding banks, insurance companies, and the federal government. Prosecutors allege he falsified and inflated construction contracts to get better deals. Morgan, along with his son Todd Morgan, former Morgan Management financial director Mike Tremiti and broker Frank Giacobbe, are accused in a 114-count federal indictment. Not every defendant is charged with every count.
He pleaded not guilty to charges back in May. He was released on $100,000 bond and has to surrender his passport.
A lawyer for Todd Morgan, David Rothenberg, told News 10NBC in May that the scheduling of court appearances is a “reflection of the number of volume of documents,” saying at the time there were more than a million documents with "more to come."
Morgan recently sold properties, as court papers filed recently confirm the transaction of over $48 million into an account handled by a court-approved receiver, plus money from prior receipts. This follows the sale of Morgan’s real estate to a company in King of Prussia, Pennsylvania.
In addition, a lawsuit filed in the summer by a Rochester developer claims Morgan failed to pay Monroe Capital more than $9 million in loans.
Scott Cresswell, the former COO of Morgan Management, pleaded guilty in the spring to conspiracy to commit wire fraud. Mortgage broker Patrick Ogiony and Morgan's nephew Kevin Morgan, a vice president at the company, both admitted to conspiracy to commit bank fraud last year.
The Pittsford-based Morgan Communities has been behind numerous area projects including three in Canandaigua — Pinnacle North, CenterPointe Apartments and Townhomes, and The Links at CenterPointe Townhomes — and high-profile projects in Monroe County, including apartments near Dinosaur Bar-B-Que and housing projects near the George Eastman House and the Rochester Museum & Science Center.