Father, Son Guilty in Deli Scheme
This is a U.S. news story, published by CNBC, that relates primarily to Peter Coker Sr. news.
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defendantsCNBC
•Father, son plead guilty in $100 million New Jersey deli stock scheme
65% Informative
Peter Coker Sr. , and his former fugitive son Peter .
Coker Jr., are scheduled to be sentenced next spring in the case in U.S. District Court in Camden , New Jersey .
Third defendant, James Patten , previously pleaded guilty to the same charges of securities fraud and conspiracy to commit securities fraud in connection with the company once known as Hometown International .
The scam, which ran from 2014 through September 2022 , involved coordinated trading of the stocks of both company, creating a false impression of demand for their shares.
VR Score
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