Five Towns Pediatrics embezzler pleads guilty

Selden resident Peter Singh stole more than $3 million from Woodmere and Bellmore practices

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Peter Singh, the Selden resident accused of embezzling more than $3 million from Five Town Pediatrics, PC, a local pediatric practice, in Woodmere and Bellmore pleaded guilty on Nov. 7.

Singh, 43, pleaded guilty before Judge William O’Brien to grand larceny second-degree. Singh is expected to be sentenced on Jan. 9, to three to nine years in prison and must pay a civil judgment in the amount of $3,102,764.30.

Between 2004 and 2018, allegedly embezzled more than $3 million. He was arrested on May 15. He was employed as the practice administrator and had access to bank accounts and payroll. During the time frame, he arranged for a direct deposit from the business account into his own account in the amount of roughly $83,500. He then arranged to give himself pay totaling $1,126,800.

He added his wife to the payroll for $1,726,700 with the funds going directly to himself; he also added his step-daughter to the payroll. The money — $136,053 — went to him, and he set up a false company collecting $29,600.

Having issues with the business account, Pediatrics Healthcare hired a certified public accountant to review the financial records. The alleged fraudulent activities were then discovered.

“This defendant embezzled more than $3 million from the pediatric practice where he worked and used the money to live extravagantly,” Nassau County District Attorney Madeline Singas stated in a press release. “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.”