Peter Coker Jr. was arrested as a fugitive in Thailand. He faces charges in the U.S. in connection with the infamous $100 million New Jersey deli.
"We have to complete a 30-day waiting period as required by Thai law before sending him back," said Teerat.
The prosecutor said also told the AP that Coker Jr. "was visibly frail when he was taken in and told us that he needs medical treatment for his liver disease. We believe that he entered Thailand with a possible plan to settle here." U.S. prosecutors accuse the Cokers and Patten of a scheme to bid up the value of shares of Hometown International and E-Waste, both of which had high market capitalizations despite holding little if any assets of value, to make them more attractive to private firms as merger candidates. Both companies later found merger partners.While Pattan and Coker Sr., have made court appearances since their arrest, Coker Jr. was believed to be at large until his arrest last week.
A spokesman for the U.S. Attorney's Office in New Jersey, which is prosecuting the case, confirmed Coker Jr.'s apprehension in Thailand, but declined to comment further.
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