Feds seek reduced sentence for $100 million New Jersey deli fraudster James Patten

Federal prosecutors are seeking a reduced prison sentence for James Patten, the third person to be sentenced in a stock manipulation scheme involving Hometown International — a company that owned just one deli in New Jersey yet was valued at over $100 million. Some of the reasons behind the leniency request have been sealed by the court. The case attracted wide attention due to the absurdly inflated valuation of the single-store business.

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🌍 World New Jersey Deli Fraudster Behind $100M Scheme Sentenced to 21 Months in Prison CNBC · 5d ago 🌍 World NJ deli fraud defendant Patten seeks no prison time despite prior conviction CNBC · 11d ago 🌍 World 2-year-old overdoses on cocaine at New Jersey's Jersey Shore The Independent World · 9h ago

More on this topic

🌍 World New Jersey Deli Fraudster Behind $100M Scheme Sentenced to 21 Months in Prison CNBC · 5d ago 🌍 World NJ deli fraud defendant Patten seeks no prison time despite prior conviction CNBC · 11d ago 🌍 World 2-year-old overdoses on cocaine at New Jersey's Jersey Shore The Independent World · 9h ago