Park City Mogul Gets 12 Months for $1.7M Wire Fraud Scheme

Timothy Andrew Nemeckay, the 64-year-old founder of Mine Shaft Brewing in Park City, Utah, has been sentenced to 12 months’ and one day imprisonment for his role in a $1.7 million wire fraud scheme.

The U.S. District Court Judge David Barlow also ordered Nemeckay to pay $1,705,778.00 in restitution and forfeit $308,893.53 from the sale of his home. The sentence was handed down after Nemeckay’s admission to wire fraud charges in September 2023.

According to court documents, Nemeckay deceived investors into believing their money would be used for the development of a brewery and restaurant in Park City and Santa Clarita, California. However, he misappropriated the funds for personal expenses, including luxury items, concert tickets, and strip club visits.

The fraud lasted from early 2013 to 2020, with Nemeckay misleading investors about the use of their money while concealing his prior securities violations. He was banned by the Utah State Securities Division from raising securities statewide.

Investigations into Nemeckay’s scheme were conducted by the Utah Division of Securities and the FBI Salt Lake City Field Office, with Assistant United States Attorneys Brian Williams and Jacob Strain leading the prosecution.

This case serves as a stark reminder of the potential consequences for financial deception and the commitment of law enforcement to hold such criminals accountable.