News Main culprit who schemed along with the owners of New Jersey deli to be falsely worth $100M has pleaded guilty to securities and stock market fraud.

[Amol S.]

Man pleads guilty in stock fraud case involving $100 million New Jersey deli

Hometown International once was valued at $100 million on the stock market despite owning a tiny, money-losing deli in New Jersey.

www.cnbc.com

Man pleads guilty in scheme to inflate securities value of N.J. deli to $100 million

James Patten and two other men allegedly manipulated shares of a holding company they created for Hometown Deli in Paulsboro.

www.inquirer.com

https://news.bloomberglaw.com/securities-law/head-of-100-million-nj-deli-scheme-pleads-guilty-to-fraud

I feel bad for any honest stock market investor that ended up loosing money by being defrauded by this scheme. Although, I just don't get how invester in their right mind would invest in and think that it is possible for a small deli in New Jersey to be worth over $100 M?