Sentencing Details
Peter Coker Jr. received a 40-month prison sentence, with about 12 months remaining after time served, while his father, Peter Coker Sr., was sentenced to six months in jail followed by six months of home confinement.
The scheme involved artificially inflating the share prices of and E-Waste, leading to market capitalizations exceeding $100 million for both companies.
Personal Consequences and Remorse
Coker Jr. faced deportation post-sentence and expressed profound change and regret, citing severe cirrhosis of the liver and mistreatment in a Thai prison as transformative experiences.
Coker Sr. expressed extreme remorse, apologizing to investors and emphasizing the negative impact of their actions on his family and himself.