Man Tied to $100 Million NJ Deli Scam Gets 21 Months in Prison
Insurance Journal·2026-07-23 13:00
A twice-convicted felon who helped orchestrate a scheme to inflate the value of a small New Jersey delicatessen to more than $100 million was ordered to spend 21 months behind bars.James Patten, 67, was sentenced Tuesday by US District Judge Christine P. O’Hearn in Camden, New Jersey, more than two years after he pleaded guilty to securities fraud and conspiracy in the case. Patten and two others were charged in September 2022 with artificially inflating the price of two companies through manipulative tradi ...