††††††††††††††††††††††† ††††† *News
Release*†††††††††††††††† Date: February 11, 2013
†††††††††††††††††† †††† Middlesex
County Prosecutorís Office
††††††††††††††††††††††† ††††† *News Release*†††††††††††††††† Date: February 11, 2013
County Prosecutor Bruce J. Kaplan announced today that a
Jordan L. Zemlock (DOB 04/29/1962) of the Morganville section of Marlboro Township pleaded guilty on February 4, 2013, to a count of theft by failure to make the required disposition of property received, admitting he cheated the clients out of their investments between August 2009 and March 2012.
part of an agreement to plead guilty, Zemlock will be sentenced to serve up to
10 years in a
Zemlock pleaded guilty under an agreement reached with Middlesex County Assistant Prosecutor Thomas Mannion.
Zemlock was arrested on April 20, 2012, for the third time in four weeks after a client became suspicious of his investment advice, declined to give him $129,000, and contacted police.
Investigation up to that point revealed that Zemlock had accepted over $300,000 from five other clients, promising them that he would invest the money, but diverted it for his personal use.† Based on this information, Zemlock, who owned a business known as Jay-Zee Financial Group Inc., was arrested and charged.
was the third arrest for Zemlock, who was originally charged on March 20, 2012.
The victim in that case was identified as a 74 year-old
††††††††† Following the publication of that arrest, a
Investigation by Detective Ronald Seaman of the South Brunswick Police Department and Investigator Donald Heck of the Middlesex County Prosecutorís Office further determined that the majority of victims were senior citizens.
also determined that Zemlock had been operating his business out of his
home.† In addition to an insurance