I heard about this deli on the business news last year but assumed it was in North Jersey! 
"A father-son duo and a business associate were charged Monday with manipulating shares of a South Jersey delicatessen"
"Hometown Deli attracted the spotlight when in 2021 its stock price skyrocketed from $1.25 in November 2019 to $14.50 two years later, earning the company its outsized value — at least on paper. Hometown’s shocking $100 million valuation in 2021 “was just part of a new wave of stock manipulation,” said accounting expert Francine McKenna"
"Residents of Gloucester County in South Jersey frequented the deli for its subs, bagels, and Italian dishes and the fact that it was owned by Morina, who was well-known in the community as a successful Paulsboro High School wrestling coach."
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www.inquirer.com
"A father-son duo and a business associate were charged Monday with manipulating shares of a South Jersey delicatessen"
"Hometown Deli attracted the spotlight when in 2021 its stock price skyrocketed from $1.25 in November 2019 to $14.50 two years later, earning the company its outsized value — at least on paper. Hometown’s shocking $100 million valuation in 2021 “was just part of a new wave of stock manipulation,” said accounting expert Francine McKenna"
"Residents of Gloucester County in South Jersey frequented the deli for its subs, bagels, and Italian dishes and the fact that it was owned by Morina, who was well-known in the community as a successful Paulsboro High School wrestling coach."
A N.J. deli was valued as high as $100 million last year. Now, three men have been charged with fraud.
Hometown Deli stock scheme draws federal fraud charges. Two men are arrested, one is at large.
www.inquirer.com
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