$100M New Jersey Deli Fraud Case Ends in Responsible Plea

This illustrative picture taken September 26, 2022 in Los Angeles exhibits an individual checking info on-line about Paulsboro, New Jersey’s now completely closed Hometown Deli, in entrance of a display displaying the restaurant’s facade. – U.S. authorities introduced fraud prices Sept. 26 towards three males who orchestrated a $100 million scheme to inflate the market worth of an organization whose solely income was a small-town delicatessen from New Jersey. It is the newest twist within the unusual saga of a Paulsboro, New Jersey, deli owned by Hometown Worldwide that noticed its inventory valuation soar in 2021 regardless of decrease annual deli income at $40,000.

Photograph by CHRIS DELMAS/AFP by way of Getty Photos