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Hometown International

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NJ Deli Stock Scandal Nets 21-Month Prison Term for James Patten
business1 month ago

NJ Deli Stock Scandal Nets 21-Month Prison Term for James Patten

James Patten was sentenced to 21 months in federal prison for his role in a $100 million stock-manipulation scheme tied to Hometown International, the owner of Your Hometown Deli in Paulsboro, NJ. His co-conspirators have already served their sentences, and Patten faces three years of supervised release and about $5 million in restitution. He had urged no prison time, but the judge cited his prior fraud conviction and ongoing restitution obligations in imposing the sentence.