A Selden man accused of stealing more than $3 million from his employer pleaded guilty Wednesday to grand larceny in Nassau County Court in Mineola and will serve at least 3 years in prison, prosecutors said.
Peter Singh, 43, admitted that he used his position as an administrator at Five Towns Pediatric in Woodmere to access payroll and bank accounts, and embezzled a total of $3.1 million from the medical practice between 2010 to 2018 through various schemes.
Singh was arrested May 15 after doctors who owned the medical practice hired a forensic accountant and a bookkeeper to find out why there were discrepancies in the payroll, prosecutors said. He was fired in February.
“Anyone considering stealing from their employer should be mindful that modern technology makes these cases much easier to spot and to prove, and there is a heavy price to pay for thefts of this magnitude,” Nassau County District Attorney Madeline Singas said in a statement.
Singh, who is free on bail, could not be reached Wednesday for comment. His attorney, Scott Limmer of Mineola, did not return a call.
As the administrator, prosecutors said, Singh was given "unsupervised" control over the medical practice's human resources functions, including payroll, 401(k) administration and the hiring of support staff.
Prosecutors said Singh, whose annual salary was $138,000, gave himself pay raises totaling $1,126,800; added his wife and stepdaughter to the company’s payroll, even though the women didn’t work there, and authorized transfer of funds, totaling $1,726,791 and $136,053 for them, respectively. Then, prosecutors said, Singh had the money directed into his accounts.
Singh also set up a bogus company, RSS of NY, and steered $29,602 to it, but the funds went to him, prosecutors said. Singh also used money from the medical practice’s bank account to make payments for his “high-end” Lexus and his 401(k) loans, totaling another $83,517, authorities said.
In exchange for Singh pleading guilty to second-degree grand larceny, prosecutors agreed to drop the remaining charges against him.
Acting State Supreme Court Justice William O’Brien set sentencing for Jan. 9. The judge could give Singh as much as 9 years in prison.