Date: January 9, 2020 Contact: email@example.com 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 of East Longmeadow, and Kent S. Pecoy 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 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.