A federal judge ruled that the SEC will pause its fraud case involving a New Jersey deli to avoid overlap with the DOJ's ongoing litigation.
that the judge postpone the SEC case due to considerable overlap with their criminal litigation. They argued that postponing the civil case would "preserve the integrity" of the prosecution by preventing the defendants from seeing the extent of the government's evidence against them.
The decision marks the latest step in the saga of Your Hometown Deli, a now-closed sandwich shop in Paulsboro, New Jersey, which prosecutors allege was used as a pawn for an international market manipulation scheme. It was the sole asset of Hometown International, a company controlled by financiers James Patten, Peter Coker Sr. and Peter Coker Jr. The latter are father and son.
Your Hometown Deli made under $40,000 in annual revenue despite Hometown International's $100 million market value, according to public filings., the principal and wrestling coach at Paulsboro High School, opened the deli with his longtime friend Patten in 2014.
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