NEW YORK — A Manhattan tailor-to-the-stars has pleaded guilty to failing to pay nearly $2 million in taxes.
Mohanbhai "Mohan" Ramchandani, owner of Midtown's Mohan's Custom Tailors whose clients have included Knicks greats Patrick Ewing and Walt "Clyde" Frazier, as well as former mayors Ed Koch and Rudy Giuliani, admitted tax evasion in Manhattan Supreme Court Tuesday.
He agreed to pay back $5.5 million. He faces up to three years in prison, Attorney General Eric Schneiderman said.
"There are no excuses for tax cheats — regardless of how prominent they are," Schneiderman said in a statement.
"Mr. Ramchandani’s conviction for orchestrating this multi-million dollar scheme to defraud taxpayers sends a clear message that those who rip off the public will be held accountable for their crimes."
In a statement, Ramchandani said he planned to pay back all money owed, and apologized for his mistakes.
"I made several mistakes with regard to the payment of taxes and I take full responsibility for my actions," he said in a statement.
"I apologize to my family, employees and customers for this mistake and will take all steps to rectify this matter."
Since at least 2002, Ramchandani knowingly failed to pay at least $1.7 million in sales tax, and $256,000 in personal income tax, Schneiderman said.
Aside from dressing celebrities, Ramchandani also fitted Hurricane Sandy victims on Staten Island with some of his suits in December.