23 December 2024

This illustration shows a person checking online information for the permanently closed Paulsboro restaurant, Hometown Deli in New Jersey, in front of a screen displaying the front of the restaurant.

This illustration taken on September 26, 2022 in Los Angeles shows a person checking online information for the permanently closed Paulsboro restaurant, Hometown Deli in New Jersey, in front of a screen displaying the restaurant's facade. – US officials announced fraud charges on September 26 against three men who masterminded a $100 million scheme to inflate the market value of a company whose only source of revenue was a delicatessen in a small New Jersey town. This is the latest development in the strange saga of a Paulsboro, New Jersey, restaurant owned by Hometown International, which saw its stock valuation skyrocket in 2021 despite annual deli revenues of less than $40,000.

Photo by Chris Delmas/AFP via Getty Images

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