The father-son duo behind a bizarre stock fraud scheme involving a modest New Jersey deli valued at over $100 million have been sentenced in federal court. Peter Coker Jr. received 40 months in prison for securities fraud, though with credit for time served and potential reductions for good behavior, his remaining jail time may be shorter. His father, Peter Coker Sr., was sentenced to six months in prison followed by six months of home confinement and was ordered to pay fines and restitution totaling over $1 million.

The scheme involved artificially inflating the share prices of two companies—Hometown International, which owned a small, unprofitable deli, and E-Waste, a shell company with no operations. The inflated valuations were intended to position the companies for mergers. At one point, Hometown had a market cap exceeding $100 million despite generating less than $36,000 in annual revenue. E-Waste’s share price soared nearly 20,000%.

Coker Jr., who had renounced his U.S. citizenship and lived in Hong Kong, was arrested in Thailand and later extradited. His attorney described the brutal conditions he endured in a Thai prison, including an assault by fellow inmates, as well as his ongoing battle with severe liver disease. In court, Coker Jr. expressed deep remorse, calling his actions devastating to himself and his family.

Coker Sr., a former college basketball star with a net worth of $6 million, also showed contrition, especially for involving his son. The presiding judge emphasized the scheme’s sophistication and harm, rejecting defense claims that the financial losses were minimal.

The third co-conspirator, James Patten, who has a history of securities violations, is set to be sentenced in June. The scam unraveled following scrutiny from hedge fund manager David Einhorn, who sarcastically questioned the deli’s inflated value.