Ex-fugitive in fraud scheme tied to $100 million NJ deli willing to pay millions for bail
Publishing timestamp: 2023-03-16 10:37:53
Summary
Hong Kong businessman Peter Coker Jr., who is accused of artificially boosting the stock prices of Hometown International and E-Waste, was extradited from Thailand and ordered to be held in jail without bail. Coker Jr. is willing to put up all his money and his parents' home as collateral to secure his release on bond, but it is unclear whether the prosecutor will oppose the bond. Coker Jr.'s father and James Patten are also defendants in the case. The stock price of Hometown International, which owned a small deli, rose more than 900% as a result of the alleged scheme.
Sentiment: NEGATIVE
Tickers: HWIN,
Keywords: business news, crime, politics, restaurants, breaking news: politics, business, hometown international inc, laws, collusion,
Source: https://www.cnbc.com/2023/03/16/nj-deli-fugitive-detained-bail.html