The father and son duo behind a stock fraud scheme involving the infamous $100 million New Jersey deli were sentenced to several months in prison. https://t.co/L7POeJFQK3
Father-and-son fraudsters behind $100M New Jersey deli stock scam sent to prison https://t.co/ttvOIqr3NJ https://t.co/cRGqFElAec
North Carolina businessman Peter Coker Sr. was sentenced for a scheme to fraudulently pump up the stock of the infamous $100 million New Jersey deli corporation and a related shell company. https://t.co/uVufwhDmc7
Peter Coker Sr., a North Carolina businessman, was sentenced to six months in prison for his involvement in a stock fraud scheme that inflated the value of a New Jersey deli corporation to more than $100 million. The scheme also involved a related shell company. Peter Coker Sr. and his son were both implicated in the fraudulent activities, which centered around artificially pumping up the stock price of the deli business. The case has drawn attention due to the unusually high valuation of the deli, which was at the core of the stock manipulation.