James Patten Sentenced to 21 Months for Role in $100M Deli Stock Fraud Scheme
James Patten was sentenced to 21 months in prison after pleading guilty to securities fraud related to a stock manipulation scheme that artificially inflated the market capitalization of Hometown International, which owned a small New Jersey deli. The case involved manipulating trading activity for both Hometown and E-Waste (EWT), leading to an over-900% increase in their share prices.
Tickers: $EWT
Topics: fraud sentencing stock_manipulation