Peter Coker Sr. and his son, Peter Coker Jr., face sentencing for securities fraud linked to Hometown International and E-Waste, where they artificially inflated stock prices through coordinated trading, leading Hometown’s shares to rise over 900% and E-Waste nearly 20,000%. Their plea deal with prosecutors proposes sentencing ranges of 0-2 years for Coker Sr. and 30-50 months for Coker Jr., who has been in jail since his extradition from Thailand in March 2023. James Patten, another co-defendant, pleaded guilty previously. Both men aimed to use these companies for reverse mergers with private firms.
