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NEWS: US police arrest duo in suspect ‘$100M deli’ fraud

By Alisha Houlihan for AMLi

A sandwich shop valued at $100M (€104M) in New Jersey has been linked to an international conspiracy to defraud investors, according to an unsealed indictment at a federal court. 

North Carolina federal agents arrested Peter Coker and James Patten on securities fraud charges relating to their alleged role in inflating Hometown International’s share price, according to The Financial Times.

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