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other deli ownerCNBC
•Business
Business & Economics
77% Informative
North Carolina businessman Peter Coker Sr. was sentenced for a scheme to pump up the stock of the infamous $100 million New Jersey deli corporation and a related shell company.
Vanderbilt and Duke universities both invested in Your Hometown Deli in Paulsboro , New Jersey , which drew headlines in 2021 after a hedge fund manager noted it had sales of less than $36,000 over two years .
"I'm terribly sorry for my part. This episode has been the worst time of my life," he said.
Coker Sr. and Patten were arrested in September 2022 .
They were indicted more than a year after CNBC detailed a web of questionable connections between Hometown and E-Waste.
The scheme began when Patten suggested the creation of Hometown as an umbrella corporation to his friend Paul Morina , a high school principal.
VR Score
78
Informative language
77
Neutral language
38
Article tone
semi-formal
Language
English
Language complexity
45
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possibly offensive
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not hateful
Attention-grabbing headline
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Time-value
short-lived
External references
3
Source diversity
3
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