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Father, son plead guilty in $100 million New Jersey deli stock scheme

  • Peter Coker Sr. and his son, Peter Coker Jr., pleaded guilty to securities fraud and conspiracy charges in a federal courtroom on Thursday.
  • The Cokers face up to 20 years in prison and a $5 million fine each.
  • The case involved an international investment scam linked to Hometown Deli in Paulsboro, New Jersey.
  • Hometown's stock price rose 939%, while E-Waste stock rose 19,900%, as reported by the U.S. Attorney's Office.
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CNBC broke the news in United States on Thursday, December 19, 2024.
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