Park City man defrauds $1.7 million, uses it for vacations, strip clubs

U.S. District Court Judge David Barlow, who sentenced Andrew Nemeckay to one year and one day in prison, with U.S. Senator Mitt Romney. Photo: Senator Mitt Romney // X (formerly Twitter).

Nemeckay misappropriated $1.7 million from investors during 2013 through 2020

PARK CITY, Utah – On Wednesday, July 10, Timothy Andrew Nemeckay, a 64-year-old resident of Park City, was sentenced by the U.S. District Court in Utah to 12 months and one day in prison, followed by 24 months of supervised release for his role in a wire fraud scheme.

U.S. District Court Judge David Barlow imposed the sentence and ordered Nemeckay to pay $1,705,778.00 in restitution. Additionally, Nemeckay was required to forfeit $308,893.53 from the proceeds of his home sale in Park City.

The case was investigated by the Utah Division of Securities and the FBI Salt Lake City Field Office.

Between 2013 and 2020, Nemeckay perpetrated a fraud scheme, unlawfully obtaining approximately $1.7 million from investors who had contributed to the development of a brewery and restaurant in Utah and California.

Nemeckay admitted to committing wire fraud in September of 2023.

According to court documents and statements made during the plea hearing, Nemeckay deceived investors by falsely claiming that Mine Shaft Brewing was soliciting funds for the construction of a brewery and restaurant first in Park City and later in Santa Clarita, California. Nemeckay was the founder and manager of the brewery.

From 2014 to 2019, Nemeckay unlawfully diverted around $1.7 million from 100 investors by pooling funds into his personal and business accounts.

He used this money for various personal expenses including paying himself, settling prior securities violations, covering personal bills and utilities, making mortgage payments, purchasing luxury items from Louis Vuitton and Christian Louboutin, buying concert tickets, visiting swingers clubs and strip clubs, as well as funding vacations to Hawaii and Cancun, Mexico.

Assistant United States Attorneys Brian Williams and Jacob Strain from the U.S. Attorney’s Office for the District of Utah prosecuted the case.