John Yoka Indicted with Patrick Kelly
John Yoka has been indicted along with Patrick Kelly over United Fuel Cell Technologies, which was more popularly known as Genesis World Energy. This Trenton Times story will be online till December 2nd or so. Read it while you can.
Saturday, November 19, 2005
By LINDA STEIN
Bail was set at $100,000 yesterday for a California man who is accused of bilking investors out of $2.5 million in a scheme to turn water into fuel.
John Yoka and Patrick Kelly, his partner in United Fuel Cell Technology Inc., allegedly got about 500 people, mostly New Jersey residents, to invest in their company between 2000 and 2004, said Deputy Attorney General Patrick Flor.
A state grand jury indicted the pair in September on charges of conspiracy, theft by failure to make required disposition of funds and securities fraud, said Flor.
Yoka lived his entire life in New Jersey before moving to Livermore, California about the time the UFCT share sales started.