The U.S. Attorney’s Office in Boston released a statement today regarding the indictment of a Wilbraham resident who owned and operated a now-defunct home construction business in West Springfield. According to federal prosecutors,
Kent Pecoy, 64, of Wilbraham, was indicted on one count of corrupt concealment of records with intent to impair their use in an official proceeding, one count of obstruction of an official proceeding and one count of count of false statements. Pecoy will appear in federal court in Springfield at a later date.
The indictment states that,
between 2013 and 2016, a customer allegedly paid Pecoy and [his company] hundreds of thousands of dollars in cash to construct a home in West Dennis. It is alleged that Pecoy failed to deposit most of the cash into business bank accounts and instead distributed the cash directly to vendors and subcontractors for the project.
On April 29, 2015, a federal grand jury sitting in Springfield issued KPSC [which is Pecoy’s company] a subpoena requiring the production of KPSC’s cash for services records beginning in Jan. 1, 2012. In June 2015, KPSC produced the subpoenaed records which allegedly included documents confirming that KPSC had made numerous, substantial cash payments to the lumber company, but no records indicating KPSC’s own receipt of cash. It is alleged that in response to a request for additional records concerning KPSC’s cash receipts, Pecoy falsely stated that KPSC had no additional records concerning KPSC’s cash receipts.
If convicted, Pecoy could face of to 20 years in prison and a fine of up to $250,000.