Menu
![]() of illicitly manipulating share prices of Hometown International-the deli’s parent company-and another business called E-Waste. On Monday, separate actions from the Securities and Exchange Commission and the Department of Justice accused 63-year-old James Patten, 80-year-old Peter Coker Sr., and 53-year-old Peter Coker Jr. They never even had the chance to pocket their ill-gotten bread. Now, three men are being charged with illegally pumping up the company’s stock, with the goal of dumping their shares and absconding with the profits. It was the caper of the century: a minuscule New Jersey deli not only became a publicly traded entity but mysteriously grew to have a market value north of $100 million.
0 Comments
Leave a Reply. |