James Patten helped inflate a mini deli’s worth by 939% successful a banal manipulation scheme. Now he’s going to the Big House for it.
By Jonathan Small | edited by Dan Bova | Jul 22, 2026
A convicted fraudster who helped make a New Jersey deli worthy $100 cardinal connected insubstantial is now heading to prison, again. James Patten was sentenced to 21 months for his domiciled successful manipulating shares of Hometown International, the genitor institution of Your Hometown Deli successful Paulsboro, New Jersey, CNBC reports. Patten and co-conspirators Peter Coker Sr. and Peter Coker Jr. inflated Hometown’s banal by 939%.
The scam was designed to make the companies charismatic shells for reverse mergers pinch backstage companies looking to spell public. But the scheme fell isolated aft hedge money head David Einhorn flagged the deli’s bizarre valuation to clients successful 2021, joking, “The pastrami must beryllium amazing.” A CNBC investigation connected Patten’s history of anterior fraud convictions to the deli’s ownership.
Patten’s co-conspirators already served their sentences, six and 40 months respectively. The deli itself, tally by a precocious schoolhouse wrestling coach who had nary thought he was portion of the scam, stopped trading pastrami backmost successful 2022.
A convicted fraudster who helped make a New Jersey deli worthy $100 cardinal connected insubstantial is now heading to prison, again. James Patten was sentenced to 21 months for his domiciled successful manipulating shares of Hometown International, the genitor institution of Your Hometown Deli successful Paulsboro, New Jersey, CNBC reports. Patten and co-conspirators Peter Coker Sr. and Peter Coker Jr. inflated Hometown’s banal by 939%.
The scam was designed to make the companies charismatic shells for reverse mergers pinch backstage companies looking to spell public. But the scheme fell isolated aft hedge money head David Einhorn flagged the deli’s bizarre valuation to clients successful 2021, joking, “The pastrami must beryllium amazing.” A CNBC investigation connected Patten’s history of anterior fraud convictions to the deli’s ownership.
Patten’s co-conspirators already served their sentences, six and 40 months respectively. The deli itself, tally by a precocious schoolhouse wrestling coach who had nary thought he was portion of the scam, stopped trading pastrami backmost successful 2022.
Jonathan Small is simply a bestselling author, journalist, producer, and podcast host. For 25 years, he... Read more
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