BOSTON — This is an official press release from the U.S. Department of Justice (USAO - Massachusetts), published as received.
BOSTON – A federal grand jury in Springfield returned a superseding indictment today charging a Springfield golf professional and a home builder with an additional charge of making false statements to a federally insured institution.
Kevin M. Kennedy, 41, of East Longmeadow, and Kent S. Pecoy, 62, of Wilbraham, were each charged in a superseding indictment with one count of making a false statement to a federally insured financial institution.
According to the superseding indictment, on Jan. 19, 2010, Kennedy and Kent Pecoy made false statements to Charles Schwab Bank on a loan to Kennedy and his wife for the construction of a residence in East Longmeadow in an attempt to conceal a $160,000 cash down payment. These false statements included understating the sale price of the residence lot, the price of the construction, and the deposit and earnest money paid by Kennedy.
On Dec. 19, 2019, the initial indictment charged Kennedy with three counts of theft concerning programs receiving federal funds, four counts of wire fraud, four counts of engaging in monetary transactions in excess of $10,000 with the proceeds of specified unlawful activity, eight counts of money laundering, four counts of filing a false tax return, and one count of conspiracy to defraud the United States. In addition, Kent Pecoy and Jason Pecoy, 39, also of Wilbraham, were also charged with conspiracy to defraud the United States.
The charge of making a false statement provides for a sentence of up to 30 years in prison, five years of supervised release, and a fine of $1 million. Sentences are imposed based upon the U.S. Sentencing Guidelines and other statutory factors.
United States Attorney Andrew E. Lelling and Kristina O’Connell, Special Agent In Charge of the Internal Revenue Service’s Criminal Investigations in Boston made the announcement today. Assistant U.S. Attorney Steven H. Breslow of Lelling’s Springfield Branch Office and Christopher O’Donnell of the Justice Department’s Criminal Division are prosecuting the case.
The details contained in the indictment are allegations. The defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
