2 years ago
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Hometown Deli, Paulsboro, N.J.
Mike Calia | CNBC
Peter Coker Sr., 1 of the defendants successful the lawsuit of the so-called $100 cardinal New Jersey deli, hired a lawyer who antecedently represented "pharma bro" Martin Shkreli, according to a caller tribunal filing Tuesday.
Coker Sr. hired Marc Agnifilo to correspond him successful his lawsuit against the Securities and Exchange Commission, which sued him and 2 different men, including his son, for alleged marketplace manipulation.
The Justice Department besides charged the men – Coker Sr., Peter Coker Jr. and James Patten – with aggregate counts, including securities fraud, conspiracy and wealth laundering implicit an alleged strategy to pump up the worth of a small, publically traded institution that had conscionable a small-town New Jersey deli to its name.
The company, Hometown International, reached an eye-popping $100 cardinal valuation past twelvemonth successful an over-the-counter marketplace contempt the deli, the now-closed Your Hometown Deli successful Paulsboro, N.J., making little than $40,000 successful yearly sales.
Agnifilo, a New York-based erstwhile national prosecutor, did not instantly instrumentality a telephone from CNBC seeking comment. In summation to representing Shkreli, helium has worked for convicted enactment transgression and erstwhile Hollywood mogul Harvey Weinstein, NXIVM cult person Keith Raniere and a Russian bank that was sanctioned implicit Russia's penetration of Ukraine.
Shkreli, a erstwhile pharmaceuticals enforcement who was released from situation earlier this year, was convicted of securities fraud successful 2017 and was sentenced successful 2018.
Authorities arrested Coker Sr. and Patten past week successful North Carolina, and were conditionally released. Their lawsuit is slated to beryllium transfered to a national tribunal successful New Jersey. Prosecutors wanted to support Coker Sr. detained. Coker Jr., who is based successful Hong Kong, is considered astatine large.
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