Business

Three men charged with securities fraud involving $100 million deli


A deli in southern New Jersey was the site of an elaborate fraud scheme involving three men who attempted to increase market value, according to prosecutors and federal regulators. company stock to $100 million.

The story of how Hometown International Inc’s stock. Reaching such a high valuation is a mystery that was made public last year. “Pastrami must be awesome”, hedge fund manager David Einhorn wrote in a note to investors, before quoting securities as an example of how “the market is broken and possibly in the process of a complete breakdown”.



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