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
Staff Writer
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.
posted by johnlichtenstein at 17:59
9 Comments:
The indictment against John Yoka was dismissed by the Honorable Thomas Kelly, Judge of the Superior Court, State of New Jersey on November 9, 2006. In moving for the dismissal Deputy Attorney General Parick Flor acknowledged that after receiving information from Yoka's counsel, Eric J. Marcy, Esq., of Wilentz, Goldman & Spitzer, of Woodbridge, that Mr. Yoka provided legitimate service, had no criminal intent, was not involved in a conspiracy, and that the indictment as to Mr. Yoka should be dismissed. After hearing argument of counsel Judge Kelly granted the Motion to Dismiss the Indictment as to John Yoka.
November 11, 2006 6:11 AM
The indictment against John Yoka was dismissed by the Honorable Thomas Kelly, Judge of the Superior Court, State of New Jersey on November 9, 2006. In moving for the dismissal Deputy Attorney General Parick Flor acknowledged that after receiving information from Yoka's counsel, Eric J. Marcy, Esq., of Wilentz, Goldman & Spitzer, of Woodbridge, that Mr. Yoka provided legitimate service, had no criminal intent, was not involved in a conspiracy, and that the indictment as to Mr. Yoka should be dismissed. After hearing argument of counsel Judge Kelly granted the Motion to Dismiss the Indictment as to John Yoka.
November 11, 2006 6:11 AM
John Yoka is still a thief. So he testified against his partner in crime in exchange for getting off.
That makes him a snitch too.
June 18, 2012 9:58 AM
That's one way of looking at things. It's possible Yoka is a an honest and gullible person with poor jugement. It's also possible he's a manipulator who got Patrick to take the blame for a scheme that he was as much a part of as Patrick. Either way, it will haunt him.
June 19, 2012 11:34 PM
Yoka did not testify against Patrick Kelly. When the full record and history was presented to the State, the State dismissed the charges. If you doubt this - order the court transcript. Mr. Yoka is not a thief and not a "snitch." Eric Marcy, Esq., Counsel to Mr. Yoka.
July 21, 2012 9:03 AM
How does one go about getting his investment back?
July 24, 2012 7:51 AM
Not sure I understand Marcy's comment above. There was no trial. Nobody testified. Kelly took a plea because NJ had good evidence about the diversions from UFTC to himself.
For Yoka, the argument Marcys's been making is that Yoka is also a victim. But, professionally, this is suicide. Many people, around the world, with less information than Yoka identified Genesis as a scam as soon as it was announced. It's a real blow to his credibility for him to claim also to have believed Patrick.
About getting your money back, it's a little late. Back in 2006, it would have made sense to try to recover from any other investors who had already recovered. And John Yoka. Part of Kelly's sentence was to pay restitution, So contact NJ to see if any of that has happened. It's unlikely.
July 24, 2012 11:12 PM
We ended up losing around $50,000
after 'winning' the licenses for Australia, New Zealand and Singapore when they asked us for 'delay' fees. We found our own angel investors but 'Genesis' said No, we'll cover the investment for you. Then they said to maintain the licenses we had to pay. This cost us everything - our home, our credibility, our friends and ultimately our marriage. I hope there's justice one day.
October 21, 2013 6:08 AM
I am sorry to learn that there were licensees. Who represented Genesis in your discussions?
October 21, 2013 3:56 PM
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