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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…
Middlesex County Men Indicted In Alleged $7M Fuel Investment Scheme: AG
A New Jersey grand jury has indicted two Middlesex County men for allegedly defrauding fuel investors out of approximately $6.7 million, authorities said.
The scheme used sham companies and false identities to deceive investors into believing they would receive large guaranteed returns from investments in fuel products, according to Attorney General Matthew J. Platkin.
Instead, the defendants diverted investor funds for their own benefit, Platkin said.
Shahid Javed, 39, of Old Bridge, and Wilfredo Topacio, 64, of Woodbridge, were charged in an indictment with first-degree conspiracy, …
