CNBC
Feds seek lower prison term for $100 million New Jersey deli fraudster — but some reasons why are hidden
Friday, July 3, 2026
James Patten will be sentenced in connection with a stock manipulation scheme involving Hometown International, a company that owned one deli in New Jersey. Patten is the third person to face sentencing in the case. Federal prosecutors have requested a lower prison term for Patten, according to court filings. The scheme involved approximately $100 million in stock manipulation. Details about the specific reasons for the prosecution's request for a reduced sentence were not disclosed in available filings.
Original reporting: https://www.cnbc.com/2026/07/03/new-jersey-deli-stockfraud-sentence-patten.html
