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Dr. David S. Younger, 61, of Scarsdale, ran a private medical practice in Manhattan and illegally claimed that $585,000 used for personal expenses had been related to the business, according to U.S. Attorney Preet Bharara.
Younger’s duplicitous behavior goes back at least as far as 2007, Bharara said.
For that year, Younger filed personal tax returns on behalf of himself and his wife and corporate tax returns on behalf of Younger P.C., Bharara said.
In his reporting to the IRS, Younger claimed about $250,000 in business expenses, when he actually had used the money for personal endeavors, Bharara said, adding that Younger claimed the money had been spent on things like medical supplies, office expenses and professional fees.
Younger than falsely deducted the money from Younger P.C.'s income tax return and failed to report it on his personal tax return. The following year, the 61-year-old used the same practice, claiming about $335,000 in business expenses that were actually personal in nature, Bharara said.
The U.S. Attorney said the money Younger had claimed for business expenses actually went toward $100,000 in private golf and country club fees, $53,000 in property taxes for his Scarsdale home, a $4,300 placement fee for a nanny/housekeeper, $17,000 for the construction of an electric gate at his home, $345 for a Mickey Mantle baseball card, $26,000 for the restoration of a piano picked up and returned to his home, $37,000 for a vendor to perform construction at his home, $18,000 for furniture at his home and $20,000 in airfare for him and his family.
Younger faces up to three years in federal prison when sentenced by U.S. District Judge Jed. S. Rackoff. His sentencing is scheduled for 4 p.m. on Sept. 19. Bharara said part of Younger’s plea deal requires that he pay restitution to the IRS.
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