Luxury home builder faces 35 years in prison for mortgage fraud, tax evasion
Pecoy did not deposit the majority of these cash payments into his business’s bank accounts. Instead, he used the cash to pay vendors and subcontractors directly. For instance, Pecoy admitted to paying approximately $135,700 in cash to subcontractors for work on the Cape Cod property. To cover up these transactions, Pecoy kept separate ledgers, fabricated