The $100 Million Deli with Jamie Loftus
Summary
Scam Goddess host Lacey Mosley welcomes back Jamie Loftus to dissect the "Hometown International" fraud. A New Jersey deli owner and his Wall Street friend inflated a failing restaurant's stock value to $100 million through shell companies and reverse mergers. The scheme unraveled when a hedge fund manager exposed the disparity between the deli's meager sales and its massive valuation, leading to legal chaos and the end of a lifelong friendship.
Topics discussed
Intro, UHC and Vital Proteins ads
Estate sales, dead guy hats, and dating
Mensa membership and cyberbullying
The Hometown International Deli scam setup
Paul Marina, James Patton, and the deli's history
Stock manipulation and reverse merger scheme
The scam unravels and legal consequences
Sentencing, restitution, and wrestling anecdotes
The Louvre ticket scam and museum thefts
Outro, book promo, and final ads
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