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☆ Police in Thailand arrested an American man in connection with an alleged fraud that left a New Jersey deli worth $100 million
▼ + stars: | 2023-01-19 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Thai police arrested a man over an alleged fraud involving a firm that owned a New Jersey deli. Peter Coker Jr. was detained on January 11 at a hotel in Phuket, the Bangkok Post reported. His father, Peter Coker Sr., and James Patten were arrested in September and have pleaded not guilty. Coker Jr was the subject of arrest warrants issued by Interpol, per the Post, after being accused of stock market manipulation and fraud in September. The Post reported that Coker Jr. admitted he was the man wanted on the Interpol register.

☆ Fugitive $100 million New Jersey deli defendant Peter Coker Jr. arrested in Thailand
▼ + stars: | 2023-01-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Peter Coker Jr., who last was known to be living in Hong Kong, is one of three people charged in the case involving the deli owner, Hometown International , and a related shell company, E-Waste . The Bangkok Post reported that the 54-year-old Coker Jr. was arrested on Jan. 11 in a hotel room in the Thalang district of Phuket province, Thailand. The newspaper said Coker Jr. was arrested pursuant to so-called red and black notices issued by the International Criminal Police Organization, Interpol. Local Thai police, working with the FBI, arrested Coker, after tracking him to the hotel, The Post reported. Coker Jr. had served as chairman of Hometown International, whose sole asset for years was the Your Hometown Deli in Paulsboro, New Jersey.

☆ 45-year-old brain expert shares how he eats like a 'SuperAger' every day to stay 'young and energized'
▼ + stars: | 2023-01-13 | by ( Marc Milstein | ) www.cnbc.com time to read: +4 min

SuperAgers are a great example of how both genetics and lifestyle choices play a role in how the brain ages. In my book, "The Age-Proof Brain," I explore how they keep their brains young, boost immunity and memory, and fight neurological disorders like dementia. The workday beginsI tackle my most difficult and creative tasks early in the day, when my brain is most alert. Before bedtime, I'll catch up on baseball news and talk to my wife about our day. At 9:30 p.m., it's time to shut off all devices and listen to some music before turning out the lights.

☆ The FTC wants to ban companies from telling their employees they can't work for competitors — and says it'll help workers make $300 billion more a year
▼ + stars: | 2023-01-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The FTC wants to ban noncompete agreements, which stop workers from moving to competitors or starting their own similar businesses. Under the FTC's proposed rule, employers wouldn't be able to impose a noncompete, and past ones would be rescinded. FTC Chair Lina Khan said that noncompetes undermine competition and competitive conditions. Under a new proposed rule, the FTC would ban employers from saddling workers with noncompete agreements that prohibit them from working at competitors, or starting similar businesses. In some cases, workers can't start their own businesses similar to the ones they're working in.

☆ Mark Cuban offered multiple $1 million 'Shark Tank' investments this year—here's what they have in common
▼ + stars: | 2022-12-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban, who built his fortune starting and selling tech companies, only offered two $1 million investments on ABC's "Shark Tank" in 2022. Instead, the owner of the NBA's Dallas Mavericks gave his biggest investments of the year to two food companies. It's not unusual for a "Shark Tank" investor and company to abandon or revise their partnership. In May, CupBop told CNBC Make It it was operating 36 locations across six U.S. states and more than 100 locations in Indonesia. Cuban, who went vegetarian in 2019, has invested millions of dollars over the past few years in other food companies on "Shark Tank."

☆ Judge pauses SEC case in alleged NJ deli stock fraud in favor of criminal probe
▼ + stars: | 2022-12-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Federal prosecutors had requested earlier in December that the judge postpone the SEC case due to considerable overlap with their criminal litigation. Judge Christine O'Hearn granted that request on Wednesday, stating that there was no opposition from either the SEC or the defendants. It was the sole asset of Hometown International, a company controlled by financiers James Patten, Peter Coker Sr. and Peter Coker Jr. Your Hometown Deli made under $40,000 in annual revenue despite Hometown International's $100 million market value, according to public filings. Prosecutors say Patten convinced Morina to open the deli under the umbrella of Hometown International.

☆ Costco CEO's cautious consumer outlook justifies our near-term view on the stock
▼ + stars: | 2022-12-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. Consumer behavior Jelinek highlighted a number of stronger areas for Costco, including its Kirkland-branded products across a number of categories. "Our food [and] sundry business, our fresh business, our travel business, continues to be strong," Jelinek added. Looking ahead to next year, Jelinek said Costco is taking stock of the economic uncertainty and factoring that into its merchandising plans. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Chase Freedom Flex℠ and Chase Freedom® cardholders can activate the Q1 bonus categories through their Chase account starting December 15, 2022, until March 14, 2023. How Chase Freedom quarterly bonus categories workEach quarter of the year, the Chase Freedom Flex℠ and Chase Freedom® cards earn 5% back (or 5x points) on a different set of bonus categories. That's why you can think of the Chase Freedom Flex℠ and Chase Freedom® bonus categories as earning you either 5% back or 5x points. Previous Chase Freedom quarterly bonus categoriesFor Q4 2022 (October through December), the Chase Freedom bonus categories are Walmart and PayPal. Right now, there are alternative bonuses available directly through Chase for the Freedom cards — find out more in our guide to the current Chase Freedom offers and in our Chase Freedom Flex review.

☆ All They Want For Christmas Is to Stop That Mariah Carey Song
▼ + stars: | 2022-12-12 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

Christian Graham doesn’t want a lot for Christmas. In fact, there is just one thing he needs. “Enough is enough,” says Mr. Graham about Mariah Carey‘s mega hit, “All I Want for Christmas is You,” which plays incessantly at the Chicago deli where he works. “Past a certain point, I might go crazy,” he says.

☆ Federal prosecutors ask judge to postpone SEC case in alleged New Jersey deli stock fraud
▼ + stars: | 2022-12-09 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +1 min

Federal prosecutors in New Jersey want the Securities and Exchange Commission to postpone its civil case against the alleged masterminds behind a $100 million fraud scheme involving a small-town deli so it won't get in the way of their ongoing criminal case. Prosecutors for the District of New Jersey filed a motion on Wednesday saying the SEC's case "substantially" overlaps with their ongoing criminal case and the civil matter should be postponed until the litigation, including a potential trial, is completed, court records show. Postponing the civil case would "preserve the integrity" of the ongoing prosecution by preventing the defendants from seeing the extent of the government's evidence against them, federal prosecutors argued in the filing. The SEC and the attorneys for the suspects consented to the request, which is common in such cases. A telephone conference is scheduled in the criminal case for Dec. 14, but it's expected to be mostly procedural and an opportunity for the prosecutors and defense attorneys to update the judge on the status of the litigation.

☆ The wild success of Walmart's generic cream cheese perfectly encapsulates the problems with the American economy right now
▼ + stars: | 2022-12-09 | by ( Alex Bitter | Ben Tobin | ) www.businessinsider.com time to read: +4 min

Walmart's cream cheese was one of the fastest-growing brands of 2022, according to Morning Consult. It was cream cheese from Walmart. Store-brand cream cheese isn't a typical contender for most popular product, said Emily Moquin, food and beverage analyst at Morning Consult. Philadelphia is the market leader in cream cheese, Morning Consult's Moquin said. "That is partially why we see this very specific category of cream cheese being on the list."

☆ ‘“I’ll Have What She’s Having”: The Jewish Deli’ Review: When Rye Met Pastrami
▼ + stars: | 2022-12-07 | by ( Joanne Kaufman | ) www.wsj.com time to read: 1 min

New York‘Tell me what you eat,” the 18th-century French lawyer and gastronome Jean Anthelme Brillat-Savarin famously said, “and I will tell you who you are.” “‘I’ll Have What She’s Having’: The Jewish Deli,” the terrific exhibit that opened last month at the New-York Historical Society, makes a credible case for an alternative view: “Tell me who you are, and I will tell you what you eat.”

☆ A Deadly Listeria Outbreak Tied to Deli Meats and Cheeses Spreads to Six States
▼ + stars: | 2022-11-10 | by ( Joseph De Avila | ) www.wsj.com time to read: 1 min

A listeria outbreak has been linked to deli meats and cheeses in six states, resulting in one death and one pregnancy loss, according to public health officials. The Centers for Disease Control and Prevention said it’s investigating the cause of the listeria outbreak that has infected at least 16 people. Public health officials verified cases in California, Illinois, New York, New Jersey, Maryland and Massachusetts after collecting samples from sick people between April 2021 and September 2022, the CDC said.

One person died, a woman lost her pregnancy, and over a dozen others were sickened in a listeria outbreak believed to be linked to deli meat and cheese, public health officials said Wednesday. At least 16 people in six states have been sickened, with New York state reporting the most people sickened, the Centers of Disease Control and Prevention said, but the real number is likely higher. In New York, where seven of the sick people were identified, five bought deli meat or cheese from at least one location of the NetCost Market chain, but others did not, according to the CDC. The CDC said investigators don’t think that chain is the sole source, and that products bought at deli counters in multiple states are the likely source. “A contaminated food likely introduced the outbreak strain of Listeria into delis in multiple states,” the agency said.

☆ Where to Eat: The Jewish Deli
▼ + stars: | 2022-11-10 | by ( ) www.nytimes.com time to read: 1 min

Stephen Speranza for The New York TimesHe also pointed me toward Second Avenue Deli, where, in under an hour, you can enjoy matzo ball soup with the most beautiful pale bronze broth and a manageable pastrami on rye. (A tip: The Upper East Side location of the deli has a Second Avenue bar above it.)

☆ C.D.C. Links Deadly Listeria Outbreak to Deli Meats and Cheeses
▼ + stars: | 2022-11-09 | by ( Eduardo Medina | ) www.nytimes.com time to read: +1 min

One person has died and 13 have been hospitalized in a listeria outbreak across six states that most likely was caused by contaminated deli meat and cheese, federal health officials said on Wednesday. The outbreak sickened at least 16 people from April 17, 2021, to Sept. 29, 2022, according to the Centers for Disease Control and Prevention: three in Maryland, where the person who died resided; seven in New York; two people each in Illinois and Massachusetts; and one each in New Jersey and California. There may have been more recent cases, but it typically takes three or four weeks to determine if an illness is tied to an outbreak. The true number of sick people is most likely higher, and the outbreak “may not be limited to the states with known illnesses,” the agency said in a news release. The flulike symptoms of listeriosis — fever, vomiting and diarrhea — most often affect older adults, immune-compromised individuals and pregnant women, who can pass it on to their fetuses.

☆ In meat-loving South Africa, climate concerns whet appetite for veggie burgers
▼ + stars: | 2022-11-03 | by ( Tim Cocks | ) www.reuters.com time to read: +4 min

[1/5] Workers prepare a plant-based polony used as an alternative or meat substitute at meat processor Feinschmecker, in Germiston, in the East Rand region of Johannesburg, South Africa, October 11, 2022. That could be heartening for climate scientists, who say shifting diets from emissions-heavy meat and dairy towards more plant-based foods is vital to the fight against climate change. Plant-based meat substitutes are growing by 6.5% a year and sales are expected to reach $561 million by 2023, according to Research and Markets - more than half Africa's share of a global market forecast to hit $162 billion by 2030. But the popularity of veggie alternatives would have been unthinkable even a decade ago and the market is outstripping forecast growth for meat. She gave up meat over climate concerns and her diabetes.

☆ National Sandwich Day has chains serving up sandwich deals today
▼ + stars: | 2022-11-03 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +1 min

November 3rd marks National Sandwich Day (yes, it’s a thing.) But even though National Sandwich Day is still not an actual holiday, plenty of restaurant chains are doling out deals and freebies on sandwich orders. Popeyes: Buy one Chicken Sandwich combo (classic or spicy) and get a second sandwich free through the chain’s app or website. Jersey Mike’s Sub: Customers can get free delivery on their sandwich order through the app. McAlister’s Deli: The restaurant chain is offering a buy one, get one free sandwich promotion today for its reward program members.

Show more Regular Annual Percentage Rate (APR) 18.99% - 25.99% Variable Editor's Rating 4.8 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. How we chose the best grocery credit cards We narrowed down our list of the best credit cards for grocery shopping by evaluating several factors: Ease of use — Does the card have a straightforward rewards program? However, there are a handful of student credit cards — which don't require a long credit history — that earn bonus rewards on grocery purchases. For example, the Capital One SavorOne Student Cash Rewards Credit Card earns 3% cash back on groceries, dining, entertainment, and eligible streaming services. What counts as a grocery store or supermarket for bonus credit card rewards?

☆ Defendant in NJ deli stock fraud case makes $2,500 a month from similar shell company
▼ + stars: | 2022-10-26 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

Med Spa, which wasn't named in the indictment, also pays $2,500 a month in consulting fees to Patten's firm Benchmark Capital. Patten's name hasn't appeared in Med Spa filings. Authorities also said they artificially inflated the market value of Hometown International and E-Waste by 939% and 19,900% respectively. Like the other two shell companies, Med Spa Vacations had an initial business goal—in this case, "specialized wellness vacation packages"—that was abandoned in favor of initiating a reverse merger. Med Spa is currently in search of a company with which to complete a reverse merger.

☆ 19-year-old N.Y.C. school staffer in critical condition after being shot in the head
▼ + stars: | 2022-10-12 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +2 min

A 19-year-old New York City school worker is in critical condition after he was shot in the head Tuesday afternoon while leaving the elementary school he was working at. As of early Wednesday morning, the NYPD said the victim remained in critical condition. The victim's union told NBC New York that he worked as a school paraprofessional for the Department of Education. He also said he would be working with the NYPD to increase security around the school. "This is a tragedy," New York City Mayor Eric Adams said in a tweet, responding to the deadly incident.

☆ Men charged in stock fraud case involving a small-town NJ deli are set to appear in federal court
▼ + stars: | 2022-10-11 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

Federal prosecutors have described the case as a tale of international fraud and betrayal. Peter Coker Jr., 53, the son of Coker Sr., is based in Hong Kong and is considered at large. Federal authorities sought to jail Coker Sr. before agreeing to a conditional release. The men are charged with conspiracy to commit securities fraud, securities fraud and conspiracy to manipulate securities prices. The peculiarities surrounding Your Hometown Deli first caught the eye of hedge-fund manager David Einhorn in 2021.

Show more Regular APR 18.24% - 25.24% Variable Editor's Rating 4.8 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. How we chose the best grocery credit cards We narrowed down our list of the best credit cards for grocery shopping by evaluating several factors: Ease of use — Does the card have a straightforward rewards program? However, there are a handful of student credit cards — which don't require a long credit history — that earn bonus rewards on grocery purchases. For example, the Capital One SavorOne Student Cash Rewards Credit Card earns 3% cash back on groceries, dining, entertainment, and eligible streaming services. What counts as a grocery store or supermarket for bonus credit card rewards?

☆ Feds sought to jail father charged in $100 million New Jersey deli scam with Hong Kong-based son at large
▼ + stars: | 2022-09-27 | by ( Mike Calia | ) www.cnbc.com time to read: +2 min

Federal authorities sought to detain one of the men charged in an alleged multiyear fraud scheme involving a neighborhood deli in a small New Jersey town, according to court records. The man – Peter Coker, Sr., 80 – was arrested Monday in North Carolina and then let go after the government agreed to the conditions surrounding his release. Both he and Coker Sr. are expected to appear in a New Jersey federal court at a yet-to-be-determined date. The three men are charged with 12 counts, including securities fraud, wire fraud and money laundering. Coker Jr. was the chairman of Hometown International, while Coker Sr. was a major shareholder.

☆ $100 million N.J. deli scheme leads to federal charges against a father and his son
▼ + stars: | 2022-09-26 | by ( Dan Mangan | Dan Mangan Is A Reporter Covering Health Care For Cnbc.Com. | Mangan Has Been A Journalist For More Than Years | ) www.nbcnews.com time to read: +4 min

Your Hometown Deli, the business at the center of the probe, was located in Paulsboro, New Jersey, over the Delaware River from Philadelphia. The parent company, Hometown International, had merged with a bioplastics company. The $100 million New Jersey deli, as Your Hometown Deli came to be known, was first brought to the public’s attention by investor David Einhorn in a letter to clients. The securities fraud and securities price manipulation counts carry maximum penalties of 20 years in prison and a $5 million fine. The conspiracy to commit securities fraud and conspiracy to manipulate securities prices counts each carry a maximum penalty of five years in prison.

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