Timothy Nemeckay has been sentenced to federal prison for wire fraud, after using investor funds meant for the development of a brewery, on mortgage payments, luxury items, vacations and more, according to court documents.
<p>SALT LAKE CITY — Timothy Nemeckay, a 64-year-old Park City man, was sentenced to prison Wednesday after admitting to duping investors out of around $1.
</p><p>Nemeckay accepted a plea deal, which dropped charges of securities fraud, making false statements to the SEC and money laundering in exchange for a guilty plea to wire fraud.
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