Dozens of people are out of cash and never received the stones that will mark their final resting places, police said.
The man accused of stealing about $85,000 from prospective clients is the father of a Connecticut mayor.
Richard Miron, 72, former owner of Bridgeport-based Lakeview Monument Company, stole the money from more than 50 customers but never gave them their headstones or their money back, police said.
Miron was arrested on Saturday on a felony larceny charge and released on a $10,000 bond, the Connecticut Post reports.
Miron is the father of Stratford Mayor James Miron.
Richard Miron also has a third-degree larceny charge pending in a similar case. He could not be reached for comment. Mayor James Miron declined to comment.
Richard Miron is due in Bridgeport Superior Court on April 6.