Peter Coker Sr. and his wife, Susan Coker, appear in U.S. District Court in Newark, New Jersey, on March 15, 2023.
and Mn | CNBC
On January 11, 2023, police served a search warrant on Peter Coker Jr. (left) to search his villa on the resort island of Phuket in southern Thailand.
Royal Thai Police Crime Division | Associated Press
A third defendant, James Patten, previously pleaded guilty to identical charges of securities fraud and conspiracy to commit securities fraud in connection with the company. hometown international and another company.
Both the Cox family and Patten admitted they participated in a scheme to artificially inflate the stock price of Hometown, whose only real business assets were Your Hometown Deli in Paulsboro and a shell company then known as E-Waste. The company’s stock.
Hometown’s stock price rose more than 900% as a result of the plan. E-waste prices have increased by nearly 20,000%.
Coker Sr., 82, of Chapel Hill, North Carolina, has been free on bail since his arrest in September 2022.
Coker Jr., a 56-year-old former Hong Kong resident, has been held without bail since being extradited from Hong Kong. Thailand March 2023.
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