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Securities Fraud

Police & Fire
Father, Son Admit To Using Paulsboro Deli In $100M Stock Inflation Scheme: Feds Father, Son Admit To Using Paulsboro Deli In $100M Stock Inflation Scheme: Feds
Father, Son Admit To Using Paulsboro 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…

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by Chris Spiker
Police & Fire
'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced 'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced
'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced A former Army financial counselor from Colts Neck will spend more than a decade in prison after admitting to scamming Gold Star families out of more than $3 million, authorities said. Caz Craffy, 42, was sentenced on Wednesday, Aug. 21 to 12 years and seven months in prison, New Jersey's U.S. Attorney Philip Sellinger said in a news release. He pleaded guilty to 10 charges on Tuesday, Apr. 16. Craffy, who's also known as "Carz Craffey," had been a major in the U.S. Army Reserve since 2003. His Army affiliation was terminated in January 2023, according to military records. Ac…

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by Chris Spiker