Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. NEWARK, N.J. – A former fugitive in the securities fraud case involving a New Jersey deli company once valued at $100 million renounced his U.S. citizenship in 2019, prosecutors revealed Thursday as they asked a judge to deny him bail. In the same letter, prosecutors said Coker Jr. had "stood to make tens of millions of dollars" from a hoped-for reverse merger of the deli company, which the goal of the "complex, long-term fraud' spanning at least seven years that grossly inflated its stock price. CNBC in 2021 published several dozen articles that exposed eyebrow-raising consulting agreements, troubled legal histories, and other issues related to people connected to the deli company. I have no intention to return to live or work in the U.S., and have therefore decided to renounce my U.S.

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