Former state Rep. Young is headed to federal prisonStaff Report
December 15. 2013 2:28PM
Former state Rep. David Young, a Bronze Star recipient who later was disbarred as an attorney, pleaded guilty to a pair of federal charges and has agreed to serve at least three years in prison and forfeit millions in cash and property, according to a Florida newspaper.
Young, who was vice chair of John McCain's 2000 presidential campaign in New Hampshire, will surrender more than $1.6 million in cash, 15 Florida properties, one property in New Hampshire, a 1999 Jaguar and 400 1-ounce gold coins that alone could fetch around $500,000, the Tampa Bay Times reported.
Young, 50, also agreed to serve between three and four years in prison for pleading guilty to disclosure of procurement information and money laundering, the newspaper reported.
Young is scheduled to be sentenced in March. If convicted on both charges, Young faced up to 25 years in prison.
At age 21, Young became one of New Hampshire's youngest state legislators. Formerly of Alstead and Langdon, he served in the State House from 1985 to 1993 and from 1999 to 2000. The Army Reserve Special Forces lieutenant was awarded a Bronze Star for his actions in the Persian Gulf War.
In 2006, the New Hampshire Supreme Court disbarred Young, an attorney, after concluding he lied about a client's sexual assault claim and misused her settlement money.
In 2007, the Army solicited bids for a contract to train Afghan security forces, the Tampa newspaper said. At the time, Young was in Afghanistan working with those forces, and he was instrumental in developing the deal, according to the paper.
A friend of his owned American International Security Corp. To ensure the company won the bid, Young divulged confidential information to the company, including the government's price estimate and details of the competitor's bid, according to the Tampa Bay Times.
In the plea deal, Young admitted that someone affiliated with the company sent "a wire transfer of $196,868.88 to my associate for my benefit. The funds related to the wire transfer were derived from a specified unlawful activity, that is wire fraud."
Young's trial was set to begin in January in Utah, where federal prosecutors were handling the case, the newspaper said.
The newspaper said Young in 2008 was convicted in a military court-martial of taking two Navy Humvees in Afghanistan.