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Thursday, April 25, 2024

New Jersey deli stock defendant Peter Coker Jr. waives extradition

Your Hometown Deli in Paulsboro, N.J.

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A former fugitive wanted on criminal stock manipulation charges related to a money-losing New Jersey deli once valued at $100 million has agreed to be extradited from Thailand to the United States, Thai authorities said.

Peter Coker Jr., 54, was arrested last week by Thai police in the resort area of Phuket, more than three months after he, his father, Peter Coker Sr., and an associate, James Patten, were indicted in New Jersey federal court.

The 12-count complaint alleges financial crimes related to two publicly traded companies, Hometown International, which owned only a modest, now-closed deli in Paulsboro, New Jersey, and E-Waste, a shell company that had no assets.

Coker Jr., an American who most recently was known to be living and working as a businessman in Hong Kong, is being held in a Bangkok jail for the next several weeks…

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