Fraud case tied to $100 million NJ deli ends in guilty pleas
Briefly

On September 26, US officials announced fraud charges against three individuals involved in a $100 million scheme to artificially inflate the stock value of Hometown International, a company primarily linked to a small deli in Paul'sboro, New Jersey.
Despite generating less than $40,000 in annual revenue, Hometown International's stock valuation skyrocketed in 2021, revealing the absurdity of the financial practices tied to this minuscule establishment.
Read at Fortune
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