Tag: Hometown International

Key investor in $100 million NJ deli has a history of legal problems, ties to criminals

Mary Pat Campbell

Link: https://www.cnbc.com/2021/04/19/hometown-international-nj-deli-linked-legal-problems.html

Excerpt:

A key investor in the mysterious $100 million company that owns only a tiny New Jersey deli has a history of legal woes and ties to several people who have criminal convictions or have been sanctioned by regulators.

They include a lawyer, an accounting firm and a former stockbroker who have done work related to the company, Hometown International. They are linked to shareholder Peter Coker Sr., a 78-year-old North Carolina businessman.

Coker’s Hong Kong-based son, Peter Coker Jr., is chairman of Hometown International, whose Your Hometown Deli in Paulsboro, New Jersey, had sales of only about $35,000 in the past two years combined.

Despite those meager sales, Hometown International had nearly 8 million common shares of stock outstanding. On Monday, shares of the company rose 0.15% to $13.01.

Author(s): Dan Mangan

Publication Date: 19 April 2021

Publication Site: CNBC

Lawyer linked to creation of $100 million New Jersey deli firm pleaded guilty in shell company scheme

Mary Pat Campbell

Link: https://www.cnbc.com/2021/04/16/lawyer-hometown-international-deli-owner-stock-scams.html

Excerpt:

A now-disbarred lawyer who pleaded guilty to federal crimes related to shell company scams is listed as an attorney in early financial documents filed by a New Jersey firm whose stock valuation has risen as high as $100 million or more despite owning just a single, small delicatessen.

The former lawyer, Gregg Jaclin, was copied on communications filed by deli owner Hometown International with the Securities and Exchange Commission in 2015 and 2016, records show.

They include the very first document filed by Hometown with the SEC that is publicly available.

In June 2020, Jaclin pleaded guilty to criminal charges of conspiracy and obstruction of justice. Separately, in a related case, the SEC in 2019 entered a final judgment against him “for running a fraudulent shell factory scheme through which sham companies were taken public and sold for a profit,” a press release noted that year.

The companies involved in that conduct — none of which were Hometown International — were incorporated in Nevada with the assistance of Jaclin, who was disbarred in New Jersey last October for his actions.

Author(s): Dan Mangan

Publication Date: 16 April 2021

Publication Site: CNBC