Branch2 Intelligence
Feds seek lower prison term for $100 million New Jersey deli fraudster — but some reasons why are hidden
Key takeaway
James Patten, third defendant in Hometown International stock fraud, faces reduced sentence.
- Step 11st-order: James Patten sentenced in Hometown International stock fraud scheme.
- Step 22nd-order: Increased SEC enforcement against micro-cap manipulation reduces fraud but also liquidity for small-cap stocks.
Source: CNBC
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