Justice Department Charges Surro Connections Owner in $1 Million Fraud
Updated
Updated · The New York Times · Aug 26
Justice Department Charges Surro Connections Owner in $1 Million Fraud
1 articles · Updated · The New York Times · Aug 26
Summary
$1 million-plus in client funds was allegedly stolen by Surro Connections owner Megan Hall-Greenberg, who was charged Tuesday alongside her husband Jeffrey Greenberg and business manager Heather Morgan.
Federal prosecutors said the failed Washington state surrogacy firm diverted money meant for pregnancies to gambling debts, cruises, a Mexico resort trip, Rolex watches, Louis Vuitton purses and other personal spending.
The indictment also alleges Hall-Greenberg funneled more than $300,000 from Surro to a cheerleading gym she owns, adding to losses that hit hopeful parents after the company abruptly shut in December.
Seven families previously interviewed by The New York Times said they lost $20,000 to $81,000 each and had to borrow, tap relatives or liquidate savings, underscoring the fallout from the firm's collapse.