Feds seek lower prison term for $100M New Jersey deli fraudster — but some reasons why are hidden

According to CNBC, federal prosecutors are seeking a reduced prison sentence for James Patten, convicted in a one hundred million dollar stock fraud scheme. The scheme centered on Hometown International, a New Jersey company that owned just one delicatessen. Patten is the third defendant sentenced in the manipulation. Court filings hint at sealed reasons for the leniency request — typically signaling cooperation with authorities.

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