WILBRAHAM, Mass. (WWLP) – The former owner and a luxury home-building business based in West Springfield was sentenced in connection with fraud conspiracy.
According to the Department of Justice in Boston, 66-year-old Kent Pecoy of San Marco, Fla., previously of Wilbraham conspired with his son, Jason Pecoy, and Kevin M. Kennedy, the former owner of a golf management company, to conceal income from the IRS by dealing in cash.
Police issue warning after thief steals Apple products delivered to Springfield homes Kent Pecoy owned and operated Kent Pecoy & Sons, Construction Inc. in West Springfield as well as Sturbridge Development, LLC and Legacy General Contractors, LLC. He received $1,116,900 in cash for the construction of Kennedy’s two homes in East Longmeadow and West Dennis.
Kent Pecoy allegedly failed to deposit most of the cash into a business bank account and instead distributed the cash to vendors and subcontractors for the project.
In April of 2015, a Springfield federal grand jury issued a subpoena to the company requiring service records since January 2012. In June of 2015, the company provided records that allegedly included documents saying the company made numerous, substantial cash payments to a lumber company, but showed no records of receipt of cash. The jury asked for additional records but Pecoy allegedly falsely stated that there were no additional records of cash receipts.
In April of 2016, the West Springfield business was searched and numerous documents were allegedly discovered relating to receipts and distribution of cash from the customer’s home project, including payment ledgers, contracts, project checklists, and e-mails exchanged between Pecoy and the project manager.
In May, Pecoy pleaded guilty to two counts of conspiracy to defraud the United States and one count of making a false statement to a federally insured financial institution. On Tuesday, he was sentenced to time served (one day), two years of supervised release, and ordered to pay a $24,000 fine and $35,982 in restitution.
Kennedy was sentenced to 13 months in prison after being convicted by a federal jury for conspiracy to defraud the United States and making a false statement to a federally insured financial institution in April.
Jason Pecoy is scheduled to be sentenced on September 12th for two counts of conspiracy to defraud the United States.
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