A suspect will be extradited to the U.S. from Thailand in connection to a scheme that led a New Jersey deli shop to be listed as a public company valued at $100 million.
, had a valuation of about $100 million. The anomaly was initially publicized by David Einhorn, a hedge fund manager, who joked in a letter cautioning his clients about the company that"The pastrami must be amazing."
in December last year, and he was tracked to his residence near a popular tourist spot of Surin beach in Phuket, for which he signed a one-year-lease. He was arrested Jan. 11. "Mr. Coker Jr. voluntarily consented to be extradited to the U.S., which has simplified the court’s legal process. We have to complete a 30-day waiting period as required by Thai law before sending him back," said Teerat."He was visibly frail when he was taken in and told us that he needs medical treatment for his liver disease. We believe that he entered Thailand with a possible plan to settle here.
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