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.
, which produces less than $40,000 in annual revenue.
The deli closed on Aug. 9 after Makamer Holdings disposed of its subsidiary Your Hometown Deli, LLC. In addition, the company disposed of any remaining inventory.
Hometown International, which began selling shares around October 2019 on the OTC Marketplace, operates Paulsboro, New Jersey-based Your Hometown Deli, which produces less than $40,000 in annual revenue. The DOJ has charged each of the three men in a 12-count indictment with conspiracy to commit securities fraud, securities fraud, and conspiracy to manipulate securities prices. Patten is also charged with four counts of manipulation of securities, four counts of wire fraud, and one count of money laundering.| Getty Images
Additionally, the SEC has accused all three men with market manipulation in a separate complaint. The complaint seeks injunctive relief, disgorgement plus prejudgment interest, civil penalties, a prohibition against participating in any penny stock offerings, and an officer and director bar against Coker Jr.
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