Feds Seek Lenient Prison Term in $100 Million Scam

“Federal prosecutors are recommending a relatively light prison sentence for a man who pleaded guilty to securities fraud in the notorious $100 million New Jersey deli stock manipulation case — and some of their reasons for doing so are hidden,” CNBC reports.

“The U.S. Attorney’s Office for New Jersey, in a new court filing, conceded that the sentencing guidelines suggest a prison term between 70 and 87 months for the defendant, James Patten.”