Published on: September 18, 2025, 05:36h.
Updated on: September 18, 2025, 05:36h.
- Police officer accused of scamming colleague in $200K fake investment
- Allegations include gambling and OnlyFans expenditures with misappropriated funds
- Nassau officer placed on unpaid leave amidst serious breach of trust
A police officer from Long Island, New York, faces allegations of tricking a sick colleague into investing $200,000 into a fraudulent venture, subsequently squandering the funds within two months on gambling and OnlyFans subscriptions. The remainder of the money was wasted.
Leonard Cagno, 39, from Oakdale, was taken into custody on September 17, facing second-degree grand larceny accusations. Prosecutors in Suffolk County allege he solicited funds, falsely representing that they would be invested in his company, BW Media Consulting, LLC. The duped officer believed the money would be used for legitimate investment purposes.
Fraudulent Business Proposition
Contrary to his claims, Cagno reportedly used the money to buy a new vehicle, eliminate credit card debt, and indulge in lavish dining, gambling, and adult-content subscriptions, as stated by prosecutors.
Cagno has been placed on unpaid leave by the Nassau County Police Department, as confirmed by a department representative.
The victim is also a police officer and has not been named, but prosecutors indicated he was recovering from a serious health issue when he was persuaded to invest.
The allegations reflect a staggering breach of the crucial trust that exists among police officers,” remarked Suffolk District Attorney Ray Tierney. “This individual allegedly exploited that trust for his personal financial advantage, thereby violating one of law enforcement’s fundamental bonds.”
BW Media Consulting Inc. is an officially registered business in New York, filed on February 20, 2020, and actively operating, with Leonard Cagno listed as the registered agent.
Plea of Not Guilty
Cagno, who has served with the Nassau police department since 2015, according to salary information, entered a not guilty plea before Suffolk County Court Judge Jennifer Henry on Wednesday and was released on his own recognizance without bail.
Assistant District Attorney Patrick Rooney from the Public Corruption Bureau is overseeing the prosecution. The investigation was conducted by the District Attorney’s Public Corruption Squad, as reported by TBR News Media.
If found guilty of second-degree grand larceny, classified as a Class C felony, Cagno may face a maximum sentence of 15 years in prison under New York law. He is scheduled to return to court on October 22.