By Charles W. Kim, Managing Editor
A Monmouth County man charged with bilking $1.5 million out of investors, including a township senior citizen, pleaded guilty last week and could face 10 years in prison, according to the Middlesex County Prosecutor’s Office.
According to a press release from the office, Jordan Zemlock, 51, of Morganville in Monmouth County, pleaded guilty Feb. 4 to defrauding 21 clients out of almost $1.5 million through his insurance and financial planning agency.
Mr. Zemlock, who owned the Jay-Zee Financial Group Inc., was first arrested March 20, 2012 for failing to invest $135,000 for a 74-year-old South Brunswick man. According to police, Mr. Zemlock used the money for himself.
Following news accounts of that arrest, other victims came forward from around the country, including a man in Florida who accused Mr. Zemlock of bilking him out of a $148,000 investment.
That arrest included charges of witness tampering for asking his investors not to speak with police about their transactions, according to the release.
He was arrested for a third time on April, 20, 2012 when a potential client became suspicious and refused to give Mr. Zemlock some $129,000, according to police.
Police said the majority of Mr. Zemlock’s victims were senior citizens.
South Brunswick Detective Ron Seaman and Prosecutor’s Office Investigator Donald Heck investigated the case, according to the release.
Mr. Zemlock used his business, which carried licenses to conduct business from Connecticut, Delaware, Florida, Georgia, Minnesota, New York, Pennsylvania, and South Dakota, to find his victims, according to police.
He faces up to 10 years in prison when he is sentenced by Superior Court Judge Bradley Ferencz at the Middlesex County Courthouse in New Brunswick on April 12, according to police.

