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Father, Son Admit To Using South Jersey Deli In $100M Stock Inflation Scheme: Feds
A quiet deli in Paulsboro became the unlikely focal point of a $100 million stock manipulation scheme led by a father and son, authorities said.
Peter Coker Sr., 82, of Chapel Hill, North Carolina, and his son, Peter Coker Jr., 56, pleaded guilty on Thursday, Dec. 19 to securities fraud and conspiracy to commit securities fraud, New Jersey's U.S. Attorney Philip Sellinger said in a news release. Coker Jr. is a former resident of Hong Kong.
Prosecutors said the plan started around 2014 when two New Jersey residents opened Your Hometown Deli on Mantua Avenue. The pair soug…
Covid-19: These Are Most Likely Symptoms Of New Pirola Variant Identified In Five States
The most likely symptoms of a new COVID-19 variant with around 30 mutations are expected to be similar to the highly contagious Omicron strain based on reports so far.
COVID-related hospitalizations have increased in the US for six straight weeks, with a 19-percent increase reported in the most recent week, according to the Centers for Disease Control and Prevention (CDC).
The BA.2.86 strain, known as Pirola, has now been identified in five states: New York, Texas, Michigan, Virginia, and Ohio.
The strain was first detected in Israel around Sunday, Aug. 20, and cases have also been identif…
NJ Deli Fraud Scheme Mastermind Arrested In Thailand: Feds
An international company chairman charged over a purported scheme to manipulate the stock market — one that resulted in a bogus $100M valuation for a Gloucester County deli despite minimal sales — was arrested in Thailand, the feds confirmed.
Peter Coker Jr., 54, had been a fugitive since September when prosecutors filed 12 federal charges against him, his father, Peter Coker Sr., 80, and associate James Patten, 63.
The trio allegedly boosted the share prices of Hometown International Inc. and another firm, E-Waste Corp.
Matthew Reilly, a spokesperson for the New Jersey US Attorney’s Offic…
