CAMDEN, N.J. — The father and son duo behind a stock fraud scheme involving the infamous $100 million New Jersey deli were sentenced to several months in prison Tuesday. Peter Coker Jr. was sentenced to 40 months. With credit for time served, he owes about 12 months locked up. But he could be released sooner than that given how federal inmates are granted time off for good conduct. Earlier Tuesday, the 56-year-old’s father, North Carolina businessman Peter Coker Sr., was sentenced to six months in jail, to be followed by six months of home confinement, for his role in the case. The Cokers and a third man, James Patten, admitted to the scheme in orchestrated the fraudulent inflation of the share price of two companies to better position them for mergers with private firms. One of the companies, Hometown International, ended up having a market capitalization of more than $100…
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Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and geographies. “We continue to…
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American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year…
Uber is giving commuters new ways to travel and cut costs on frequent rides. The ride-hailing company on Wednesday announced…
McDonald’s announced a plan to hire 375,000 employees across the U.S. this summer. The plan, announced on Monday, is…
CAMDEN, N.J. — The father and son duo behind a stock fraud scheme involving the infamous $100 million New…
UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare…