Rory P. Hogan, 60, of Babylon, allegedly defrauded customers of hundreds of thousands of dollars from his Riteway Marine Solutions post, Suffolk County District Attorney Raymond A. Tierney announced.
He was arrested and arraigned for Grand Larceny in the Second Degree, and will stand accused of obtaining boats from clients under the false pretense that he would sell them and remit the proceeds.
“When boat owners entrusted this defendant with their vessels, they expected honest business practices and timely payment of proceeds,” said DA Tierney.
“Instead,” the DA adds, “the defendant allegedly exploited that trust, converting thousands of dollars for his personal use while leaving his clients empty-handed. This office will continue to pursue those who prey on consumers through fraudulent business schemes and ensure victims receive the restitution that they deserve.”
An investigation determined that these aforementioned transactions without follow-through took place between October 20th, 2023 and April 7th, 2025.
Ten customers-turned-victims are listed in the initial complaint. One instance claims Hogan withheld $250,000 from the sale of a customer’s boat, never transferring the proceeds as initially agreed upon with said client.
On another occasion, it is alleged Hogan sold a customer’s boat and pocketed the large sum—$70,000—himself.
There is also ample speculation that Hogan knowingly issued checks to customers and vendors despite having insufficient funds in his accounts.
Hogan was arraigned on September 5th, appeared again in court on September 9th, and faces up to 15 years in prison if convicted on the top count.