Kevin Kennedy, a former golf pro and owner of Kennedy Golf Management, has been indicted on embezzlement and tax fraud charges. Kennedy managed the two public golf courses in Springfield, Massachusetts and collected cart rental and greens fees on behalf of the city. From 2010 to 2016 Kennedy stole fees paid in cash directly from the golf courses’ cash registers and diverted other payments to his company’s account. To cover his tracks he provided the city with false records that underreported the golf courses’ revenue.
Kennedy used the funds for personal expenditures and to build homes, and did not report the income on his 2010 through 2014 tax returns.
The Indictment also charges that from 2009 to 2016 Kennedy conspired with Kent Pecoy and his son Jason, owners of a construction company, to obstruct and impede the IRS and the collection of taxes by concealing Kennedy’s cash payments for the construction of his homes. Kennedy paid the Pecoys in cash and they in turn paid many of their vendors and subcontractors in cash, failing to report the majority of the income on their tax returns. The indictment alleges that the Pecoys maintained false contracts and created false entries to conceal the cash payments.
If convicted, Kennedy faces up to 20 years in prison for each count of wire fraud and money laundering, 10 years in prison for theft concerning a program receiving federal funds, five years for conspiracy and three years for each count of filing a false tax return. He also faces restitution and monetary penalties. The Pecoys each face five years in prison for conspiracy, restitution and monetary penalties.