Beautiful Virgin Islands

Thursday, Feb 02, 2023

Police in Thailand arrested an American man in connection with an alleged fraud that left a New Jersey deli worth $100 million

Police in Thailand arrested an American man in connection with an alleged fraud that left a New Jersey deli worth $100 million

Thai police arrested a man over an alleged fraud involving a firm that owned a New Jersey deli.
Police in Thailand have arrested an American man linked to an alleged stock market conspiracy that left a deli in New Jersey worth about $100 million.

Jirabhop Bhuridej, commissioner of Thailand's Central Investigation Bureau (CIB), told the Bangkok Post that Peter Coker Jr was arrested on January 11 in a hotel room near Surin Beach on the island of Phuket.

Coker Jr was on the run from authorities after he, his father Peter Coker Sr, and James Patten were allegedly involved in boosting the value of shares in Hometown International, which owned the deli, to give the company a valuation of as much as $100 million.

Hometown's only asset was the Paulsboro sandwich shop, which had sales of just $35,000 over a two-year period. The Department of Justice said the owners had "conspired to enrich themselves through a scheme to manipulate securities prices" in its arrest warrant for the men.

Coker Jr was the subject of arrest warrants issued by Interpol, per the Post, after being accused of stock market manipulation and fraud in September.

Bhuridej told the newspaper that the suspects had listed the business on the OTC Marketplace at $1.25 a share before they hired stock traders to manipulate its share price.

Hometown stock soared by more than 900%, and was delisted in 2021 for failing to comply with "over the counter" market rules. E-Waste, another company set up by the group, spiked by almost 20,000%.

The Bangkok Post reported that the CIB had been working with the FBI to locate Coker Jr. Coker Sr. and Patten were arrested in North Carolina in September last year and have pleaded not guilty.

Matt Reilly, a spokesman for the US Attorney's Office in New Jersey, confirmed in an email to CNBC on Wednesday that Coker Jr. had been arrested in Thailand.

The Post reported that Coker Jr. admitted he was the man wanted on the Interpol register.

The US Attorney's Office in New Jersey did not immediately respond to a request for comment from Insider, made outside normal working hours.
Comments

Brad 10 days ago
OTC market is a scam where these people are allowed to finish scamming the people

Newsletter

Related Articles

Beautiful Virgin Islands
Close
0:00
0:00
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
I have a dream, MLK inspiring speech
Almost 30% of professionals say they've tried ChatGPT at work
Aretha Franklin, Marvis Staples - Oh Happy Day
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
BVI Freedom Song
What is ChatGPT?
Billy Preston - You Can't Beat God Giving (Live)
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Tesla reported record profits and record revenues for 2022
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Hello Dolly
Who’s Threatening Israeli Democracy?
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Federal Reserve Probes Goldman’s Consumer Business
Bob Marley - Get Up Stand Up
China's first population drop in six decades
Yes He Can
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
What A Friend We Have In Jesus
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Unforgettable
Tesla slashes prices globally by as much as 20 percent
Touch The Hem Of His Garment
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
The Lord's Prayer
After Failing To Pay Office Rent, Twitter May Sell User Names
THE GOD MOVEMENT...BEAUTIFUL BVI
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
Siyahamba
FIFA president questioned by prosecutors
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
Britain's Sunak breaks silence and admits using private healthcare
Ramblin' Rose
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Protoje - Who Knows ft. Chronixx
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Pressure - Virgin Islands Nice
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
Phil Wickham - House Of The Lord
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
My God Is Real (Yes, God Is Real)
TikTok CEO Plans to Meet European Union Regulators
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
UK chaos: Hong Kong emigrants duped by false prospectus
Louis Armstrong - When The Saints Go Marching In
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Kanye West Sunday Service - hallelujah, salvation, and glory
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Jonathan Nelson - I Believe (Island Medley
Will Canada ever become a real democracy?
From The Virgin Islands Sqad Up
Hong Kong property brokerages slash payrolls in choppy market
Common, John Legend - Glory
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
I have a dream, MLK inspiring speech
Coinbase to Pay $100 Million in Settlement With New York Regulator
Aretha Franklin, Marvis Staples - Oh Happy Day
×