Daily News | A N.J. deli was valued as high as $100 million last year. Now, three men have been charged with fraud.
Residents of Gloucester County in South Jersey frequented the deli for its subs, bagels, and Italian dishes and the fact that it was owned by Morina, who was well-known in the community as aPatten and Morina attended Paulsboro High School at the same time. Both were on the wrestling team, winning titles in 1976.
Scott A. Thompson, associate director of enforcement in the SEC Philadelphia regional office, said: “Such manipulative schemes diminish the trust investors must have in the integrity of the markets.” In a parallel criminal complaint, the U.S. Attorney’s Office for the District of New Jersey said it was charging Patten, Coker Sr., and Coker Jr. with crimes including wire fraud and conspiracy.
Patten and Coker Sr. were arrested Monday and were scheduled to appear in federal court in North Carolina.Coker Jr. remains at large., according to LinkedIn, he was at one time listed as chairman of Hometown International and lives in Hong Kong.
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