In September 2023, Peter L. Coker Sr., his son, and James T. Patten pled guilty to securities fraud for inflating the value of their deli and another company. Hometown International, which owned the deli, was falsely valued at $100 million despite only having one unprofitable location. Coker Sr. received a six-month prison sentence followed by home confinement and a substantial fine, expressing regret for his actions. Judge Christine O'Hearn labeled the operation as fraudulent and worthless, highlighting the deceptive nature of their business practices.
"I'm terribly sorry for my part. This episode has been the worst time of my life." - Peter L. Coker Sr.
"This was a fraudulent scheme from the inception," Judge Christine O'Hearn stated, categorizing the companies as worthless and expressing her discomfort with the details of their operations.
Collection
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