Peter Coker Sr. and his wife Susan Coker at U.S. District Court in Newark, New Jersey, March 15, 2023.
Dan Mangan | CNBC
A father and son pleaded guilty Thursday to orchestrating a brazen stock manipulation scheme involving a small New Jersey deli whose parent company had an improbable market capitalization of $100 million.
The men, Peter Coker Sr., and Peter Coker Jr., are scheduled to be sentenced next spring in the case in U.S. District Court in Camden, New Jersey, according to federal prosecutors.
A 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.
Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023.
Crime Suppression Division, Royal Thai Police | AP
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