Fraud Case Tied to $100 Million NJ Deli Ends in Guilty Pleas.

CONSPIRACY; DEFENSE attorneys; STOCKS (Finance); FRAUD; STOCK prices

Two defendants, Peter Coker Sr. and Peter Coker Jr., have pleaded guilty to fraud charges related to a scheme that inflated the value of a New Jersey deli to over $100 million. The deli, known as "Your Hometown Deli," gained attention on Wall Street for its inflated valuation despite minimal sales. The ringleader of the plot, James T. Patten, had previously confessed to working with the Cokers to manipulate stock prices. The defendants face potential prison sentences of up to 20 years and fines of $5 million. [Extracted from the article]

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