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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Father-Son Duo Admit To $100M Fraud Targeting NJ Deli
A father and son pled guilty Thursday to their roles in a stock manipulation scheme that duped the trading public into thinking a small, unprofitable New Jersey deli was worth $100 million, New Jersey federal prosecutors said.
·New York, United States
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Total News Sources15
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
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