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Judge Sentences Ex-Broker 21 Months for $100M Deli Fraud

7/22/2026

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Summary

Story summary

Judge Christine O'Hearn sentenced former stockbroker James Patten to 21 months in prison in Camden, New Jersey.
Patten pleaded guilty in December 2023 to securities fraud and conspiracy for inflating Hometown International Inc.'s valuation to $100 million though its only asset was a deli.
He must serve three years of supervised release, pay about $5 million restitution, and still owes restitution from a prior 27-month mail-fraud sentence.

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Story summary

Judge Christine O'Hearn sentenced former stockbroker James Patten to 21 months in prison in Camden, New Jersey.
Patten pleaded guilty in December 2023 to securities fraud and conspiracy for inflating Hometown International Inc.'s valuation to $100 million though its only asset was a deli.
He must serve three years of supervised release, pay about $5 million restitution, and still owes restitution from a prior 27-month mail-fraud sentence.