$100 million New Jersey deli inventory fraud case responsible plea

$100 million New Jersey deli inventory fraud case responsible plea

Your Hometown Deli in Paulsboro, N.J. Google Earth A North Carolina ex-convict pleaded responsible to securities fraud in reference to conspiring to control the inventory of an organization that after had a market capitalization of as excessive as $100 million regardless of proudly owning only one, small money-losing deli in southern New Jersey. The person, […]

Prosecutors want $100 million NJ deli SEC case postponed

Prosecutors want $100 million NJ deli SEC case postponed

Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Federal prosecutors in New Jersey want the Securities and Exchange Commission to postpone its civil case against the alleged masterminds behind a $100 million fraud scheme involving a small-town deli so it won’t get in the way of their ongoing criminal case.  Prosecutors for the District of […]

$100 million NJ deli case: Defendants plead not guilty

$100 million NJ deli case: Defendants plead not guilty

Your Hometown Deli in Paulsboro, N.J. Google Earth CAMDEN, N.J. – Two men charged in an alleged stock-manipulation scheme involving a small-town New Jersey deli pleaded not guilty Tuesday morning. Peter Coker Sr., 80, and James Patten, 63, who were arrested by federal authorities last month in North Carolina, made their pleas at a federal […]

Mystery New Jersey deli closes, Makamer Holdings says in SEC filing

Mystery New Jersey deli closes, Makamer Holdings says in SEC filing

Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC The small, money-losing New Jersey deli that was once the sole asset of a publicly traded company with a bizarre market capitalization of $100 million has been sold and closed, according to a regulatory filing. Your Hometown Deli in Paulsboro, New Jersey, had been “temporarily closed” on […]

New Jersey deli owner Hometown International to do Makamer merger

New Jersey deli owner Hometown International to do Makamer merger

Your Hometown Deli in Paulsboro, N.J. Google Earth Hometown International — that odd, publicly traded company with a market capitalization of more than $100 million despite owning just one small New Jersey deli — has announced plans to merge with Makamer, a private bioplastics start-up firm. The money-losing Your Hometown Deli in Paulsboro, N.J., which […]

2021 marks a wild year in the stock market

2021 marks a wild year in the stock market

Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters An army of Reddit traders, triple-digit stock pops and a $100 million deli: In a wild year of trading, the unexpected became the norm in the stock market in 2021. This […]