Ex-chairman of company behind The 13 Hotel arrested on stock manipulation charges in Thailand

The former head of the parent company of financially troubled The 13 Hotel has reportedly been arrested on securities fraud and manipulation charges in the Thai province of Phuket last week.

According to Bangkok Post, Peter Coker Jr, a United States citizen who had served as executive director and chairman of the board of South Shore Holdings – which owns and operates The 13 Hotel, a luxury hotel located at the southern tip of Cotai which applied for voluntary liquidation in June 2021 – was caught in hotel room in a joint operation carried out by Thai police and the Federal Bureau of Investigation of the US.

It was reported that US
authorities were searching for the 54-year-old for having allegedly manipulated
stock prices, with an arrest warrant issued last month for him.

The suspect is facing a maximum prison term of 45 years, and at least…