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Peter Coker Sr., 82, and Peter Coker Jr., 56, have pleaded guilty to fraud charges in connection with a stock manipulation scheme involving a small New Jersey deli. The scheme inflated the deli's market capitalization to over $100 million, despite the business being money-losing. The Cokers were the last defendants in the case, which saw the ringleader confess a year prior. The scheme involved manipulating the stock prices of the deli and its publicly traded parent company, E-Waste, with reported inflation rates of 939% and 19,900%, respectively.
The last two defendants charged with scheming to inflate the value of a small New Jersey deli to more than $100 million pleaded guilty to fraud charges. https://t.co/5n7OylXamy
2024 was the year prosecutors secured convictions in cases against a longtime New Jersey senator and a healthcare software executive. In another closely watched white collar matter, a Garden State firm executive met his fate for stealing from his employer. https://t.co/B0WUlZKelc https://t.co/7IqgUUudue
Direktør tiltalt for groft bedrageri og skyldnersvig. Elvirksomhed politianmeldt for bedrageri. Stenrig ECCO-familie sløjfer gæld for kæmpebeløb. Det er blot nogle af overskrifterne i dagens update fra Berlingske Business. #dkbiz https://t.co/h2yXBIzrZT
