Guilty Plea for Securities Fraud in New Jersey Deli Scheme

A man pleaded guilty to securities fraud for a plot to manipulate stock price. James T. Patten, 64, admitted to misleading trades in a bid to enrich himself and two co-defendants. He faces up to 20 years in prison and a fine of up to $5 million. Mr. Patten also pleaded guilty to a charge of conspiracy to commit securities fraud. Prosecutors say the scheme began in 2014 when the group opened Your Hometown Deli in Paulsboro, N.J. The group used accounts owned by others to make coordinated trades using stock from Hometown International and E-Waste, another company the three men controlled, causing its price to surge. The scheme caught the attention of traders in 2021 when Hometown International’s value soared to $113 million, even though the small deli made just $13,976 in revenue. E-Waste’s stock was inflated 19,900 percent, the U.S. attorney’s office said. The elder Mr. Coker, who was arrested in late 2022, is awaiting trial. His son was arrested in January.

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Moms Managing Girl Influencers: A Marketplace Stalked by Men

Elissa began receiving threatening messages early last year from a person calling themselves “Instamodelfan” targeting her daughter’s Instagram account. Despite having over 100,000 followers, the account has been under scrutiny for potentially exploiting children in exchange for money. However, the issue runs deeper than that. Research from The New York Times found that the platform […]

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Insights from The Times’s Investigation of Child Influencers

Instagram maintains the 13-year-old minimum age for accounts, but parents can take control, largely for their daughters’ ambitions to become influencers. Parents initiate their child’s modeling career or gain favor from clothing brands, but a dark subculture emerges, controlled by men attracted to minors, as per The New York Times. The emergence of mom-run profiles […]

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Rising Threat: China’s Growing Cyber Espionage and the New Vulnerability

Beijing’s Networks Expanding Hacking Efforts China has spread its hacking reach with new tools that exploit computer vulnerabilities and a network of contracted vendors. The large scale of China’s hacking operations poses a significant threat, with the FBI reporting China’s hacking program to be larger than all major nations combined. The U.S. has tracked consistent […]

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