Tuesday, December 6, 2022

Feds sought to jail father charged in $100 million New Jersey deli scam with Hong Kong-based son at large

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  • Federal authorities sought to detain one of the men charged in an alleged multiyear fraud scheme involving a neighborhood deli in a New Jersey town.
  • The man – Peter Coker, Sr., 80 – was arrested Monday in North Carolina and then let go after the government agreed to the conditions surrounding his release.
  • His son Peter Coker, Jr., 53, was also charged. He is based in Hong Kong and remains at large.

After the Cokers and Patten gained control of Hometown International, authorities said, they transferred shares to family members, friends and associates – including those in China – in a scheme to make it look like the company had more shareholders than it actually had.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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