Tag: Corruption
Man pleads guilty in stock fraud case involving $100 million New Jersey deli
[ad_1] Your Hometown Deli in Paulsboro, N.J. Google Earth A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company that once had a market capitalization of as high as $100 million despite owning just one, small money-losing deli in southern New Jersey. The man, disgraced former stockbroker James Patten, also admitted on Wednesday in New Jersey federal court to conspiring with two other men to manipulate the share price of another related shell company, which had no tangible assets. That company’s market cap was even higher than the Hometown International ... Read more
Hunter Biden defies subpoena, defends business record
[ad_1] Hunter Biden, son of President Joe Biden, makes a statement to the press outside the U.S. Capitol about testifying publicly to the House Oversight and Accountability Committee on Wednesday, December 13, 2023. Bill Clark | Cq-roll Call, Inc. | Getty Images Hunter Biden on Wednesday defended his business record and denied that his father, President Joe Biden, was financially involved in it. He spoke to reporters outside the Capitol, where he defied a congressional subpoena to testify behind closed doors. “I’m proud of my legal career and business career. I’m proud of my time serving on a dozen different ... Read more