US brings fraud charges in $100 million New Jersey deli case

US officials announced fraud charges Monday against three men who orchestrated a $100 million scheme to inflate the market value of a company whose only revenue source was a small-town New Jersey delicatessen.

It is the latest twist in the odd saga of a Paulsboro, New Jersey deli owned by Hometown International, which saw its stock valuation soar in 2021 despite annual deli revenues of less than $40,000.

Now the company is the target of a criminal indictment by the Justice Department...