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

CNBC
Summary
Nutrition label

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

62

Informative language

59

Neutral language

54

Article tone

formal

Language

English

Language complexity

50

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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