Fraud case involving $100 million NJ deli ends in guilty plea


This illustration shows a person checking online for information about the now permanently closed Paulsboro restaurant, Hometown Deli in New Jersey, in front of a screen showing the restaurant's facade.

This illustration taken on September 26, 2022 in Los Angeles shows a person checking online for information about the now permanently closed Paulsboro, New Jersey Hometown Deli, in front of a screen showing the restaurant’s facade. – US officials on September 26 announced fraud charges against three men who orchestrated a $100 million scheme to inflate the market value of a company whose sole source of income was a deli in a small New Jersey town. It’s the latest twist in the strange saga of the Paulsboro, New Jersey deli owned by Hometown International, whose stock value has soared in 2021 despite annual deli revenues of less than $40,000.

Photo by CHRIS DELMAS/AFP via Getty Images



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