Peter Coker Sr. and James Patten have been charged in a 12-count indictment with conspiracy to commit securities fraud, securities fraud, and conspiracy to manipulate securities prices.
Three men accused of using a New Jersey deli as a $100 million umbrella company have been charged with securities fraud and civil action by the Securities and Exchange Commission.
The trio includes father-son duo Peter Coker Sr. and Jr. and their long-time friend James Patten. Patten and Coker Sr. have been arrested Monday, while Coker Jr. remains at large.