Yonkers Man Enters Plea In Defrauding 3 Of $190,000

A Yonkers man has admitted that he defrauded three victims of more than $190,000. Westchester County District Attorney Anthony A. Scarpino Jr. said Friday that John Nemec, 47, of Yonkers pleaded guilty to second-degree grand larceny and two counts of third-degree grand larceny, all felonies.

He is scheduled to be sentenced Dec. 6.

Scarpino said Nemec conspired and engaged in a fraudulent investment scheme to steal money from his victims.

To carry out his scheme, he falsely told his victims that he left his short-lived employment as a police officer years ago to become a financial success in both the film industry and as a stock trader.

Nemec showed one victim a fake investment account statement falsely stating that he had more than $58 million in personal investments.

Once Nemec gained their trust, he then convinced his victims to transfer their lifesavings to him and his co-conspirator under the guise that their money would be held and invested on their behalf, police said.

Shortly after their savings were transferred, Nemec orchestrated the withdrawal of their money for his own personal use, Scarpino said.

Between August 2010 and October 2010, Nemec stole about $50,285 of investment funds from his first victim. In May 2011, he stole about $4,900 from his second victim.

Then, between June 2011 and October 2012, Nemec and his co-conspirator stole about $137,068 from his third victim, prosecutors said.

Police said that, in March 2014, Nemec learned that the Westchester County District Attorney's Office was investigating him, and he began actively evading authorities. At one point, he fled to Spain.

Arrest warrants were issued by the Yonkers City Court March 28, 2014, and by the Westchester County Supreme Court Oct. 11, 2016.

Nemec evaded being caught until he was located and apprehended May 2 in LaGrange, Dutchess County.

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