A suspect wanted in connection with an alleged stock manipulation scheme famously involving a small New Jersey deli has agreed to voluntary extradition to the U.S. after being arrested last week.
BANGKOK — A suspect wanted in in connection with an alleged stock manipulation scheme that led a small New Jersey delicatessen to be listed as a public company worth $100 million has agreed to his voluntary extradition to the United States after being arrested last week on the resort island of Phuket, a Thai legal official said Friday.
The Bangkok law firm representing Coker Jr. did not immediately respond to phoned requests for comment about the case.The alleged illegal activities came to light in 2021, when media reports surfaced that Hometown International, whose sole asset was a delicatessen in Paulsboro, New Jersey, had a valuation of about $100 million.
Thai police said U.S. officials informed them of the 54-year-old Coker Jr.’s possible entry into Thailand in December last year, and he was tracked to his residence near a popular tourist spot of Surin beach in Phuket, for which he signed a one-year-lease. He was arrested Jan. 11. Teerat Limpayaraya, a prosecutor in Thailand’s Attorney General’s office, said Coker Jr. is being held in a Bangkok jail pending extradition.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fugitive $100 Million New Jersey Deli Defendant Peter Coker Jr. Arrested in ThailandHometown International, which only owned a small NJ deli, was once preposterously valued at $100 million on the stock market Its chairman was arrested by authorities in a resort area of Thailand and faces federal criminal stock-manipulation charges
Read more »
Thailand holds suspect in $100 million deli caseA suspect wanted in in connection with an alleged stock manipulation scheme famously involving a small New Jersey delicatessen has agreed to voluntary extradition to the United States after being arrested last week on the resort island of Phuket
Read more »
LAFC, Bank of Montreal agree to $100 million stadium naming rights dealStriking a 10-year deal, the home of the Los Angeles Football Club will be known as BMO Stadium in the largest naming rights deal in MLS history
Read more »
Save 30% on under-$100 jewelry stars like Hailey Bieber and Gigi Hadid loveFrasier Sterling’s charm jewelry has charmed the likes of Halsey, Gigi Hadid and Justin Bieber. Save on a slew of star-approved styles right now.
Read more »
Official: LA County storm recovery may cost $100 millionRepairs will involve fixing roads, clearing landslides and clearing debris.
Read more »
Fugitive in $100 million Paulsboro deli fraud case nabbed in ThailandA fugitive charged with securities fraud over the Hometown Deli in Paulsboro, Gloucester County, was arrested in Thailand at the request of U.S. authorities. The deli at one point was valued at more than $100 million.
Read more »