A suspect wanted in connection with an alleged stock manipulation scheme has agreed to his voluntary extradition to the United States after being arrested last week in Phuket. 9News
Two other men indicted on the same charges, Peter Coker Senior, and James Patten, were arrested in the United States last year.Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, January 11, 2023.
The alleged illegal activities came to light in 2021, when media reports surfaced that Hometown International, whose sole asset was a delicatessen in Paulsboro, New Jersey, had a valuation of about $100 million.The anomaly was initially publicised by David Einhorn, a hedge fund manager, who joked in a letter cautioning his clients about the company that “the pastrami must be amazing".
Thai police said US officials informed them of the 54-year-old Coker Junior’s possible entry into Thailand in December last year, and he was tracked to his residence near a popular tourist spot of Surin beach in Phuket, for which he signed a one year lease.The police statement said he had entered Thailand several years ago with a passport from the eastern Caribbean island of St. Kitts and Nevis, which is one of many nations that sells citizenship in exchange for investment.
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