N.J. Deli Stock Fraud Defendant Renounced U.S. Citizenship, Prosecutors Seek Detention
Three men are accused of stock manipulation which led to a deli-owning company being valued at $100 million.
Coker Jr.'s June 5, 2019 legal statement stated that "Though I was born in the U.S.A, I moved to Hong Kong for work reasons in July 1992 and have since established my roots here and many social and family ties." Peter Coker Sr. with his wife Susan Coker, U.S. District Court, Newark, New Jersey. March 15, 2023.
According to the indictment, Hometown's stock price rose by more than 900% due to the scheme. Hometown owned a small, loss-making deli in Paulsboro, called Your Hometown Deli. Gabrielle Fonrouge reported out of Newark, and Dan Mangan from Englewood Cliffs (N.J.