Peter Coker Sr. and Peter Coker Jr. admitted to artificially inflating the stock prices of Hometown International and a shell company, E-Waste, through a brazen scheme. The company's only real asset was a small New Jersey deli, yet its market capitalization reached $100 million.
A father and son pleaded guilty to orchestrating a brazen stock manipulation scheme involving a small New Jersey deli whose parent company had an improbable market capitalization of $100 million.
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., are scheduled to be sentenced next spring in the case in U.S. District Court in Camden, New Jersey, according to fPeter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023.
Hometown's stock price rose by more than 900% as a result of the scheme. The price of E-Waste rose by nearly 20,000%.
Stock Manipulation Securities Fraud Conspiracy Hometown International E-Waste
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