SOUTH BRUNSWICK — A Monmouth County insurance salesman and purported financial advisor has been arrested again and charged with defrauding five clients with an aggregate total in excess of $300,000 and attempting to bilk an additional client of $129,000, Middlesex County Prosecutor Bruce J. Kaplan and South Brunswick Police Chief Raymond Hayducka announced today.
Jordan L. Zemlock, 50, of the Morganville section of Marlboro Township, was arrested on April 20 for the third time in four weeks after a senior citizen became suspicious of his investment advice, declined to give him $129,000, and contacted police.
An 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 instead allegedly diverting it for his personal use. Based on this investigation, Zemlock, who owns a business known as Jay-Zee Financial Group Inc., was charged with attempted theft by deception and theft by failure to make required disposition.
This was the third arrest for Zemlock, who was originally charged on March 20 with theft by unlawful taking. The victim in that case was identified as a 74-year-old South Brunswick man, who alleged that Zemlock was supposed to invest $135,000 for him, but kept the money for himself.
Following the publication of that arrest, a Florida man contacted police, saying he was unable to recover a $148,000 investment with Zemlock. Based on investigation into those allegations, Zemlock was subsequently charged with theft by deception and two counts of witness tampering, for allegedly asking investors not to speak with police about the missing funds.
An investigation by Detective Ronald Seaman of the South Brunswick Police Department and Investigator Donald Heck of the Middlesex County Prosecutor’s Office further determined that the alleged thefts occurred between August 2009 and March 2012, and that the majority of victims were senior citizens.
Investigators also determined that Zemlock has been operating his business out of his home. In addition to an insurance license New Jersey, he is licensed to conduct business in Connecticut, Delaware, Florida, Georgia, Minnesota, New York, Pennsylvania, and South Dakota.
He is being held at the Middlesex County Adult Correction Center in North Brunswick, in lieu of $500,000 bail.
Officials are asking anyone who may have had business dealings with Zemlock to contact Detective Seaman of the South Brunswick Police Department at 1-732-329-4646, or Investigator Heck of the Middlesex County Prosecutor’s Office at 1-732-745-8848.
As in the case with all criminal defendants, the charges against Zemlock are merely accusations, and he is presumed innocent until proven guilty.
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