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business 43 mins ago Coker s Hong Kong-based son, Peter Coker Jr., is chairman of Hometown International, whose Your Hometown Deli in Paulsboro, New Jersey, had sales of only about $35,000 in the past two years combined. Despite those meager sales, Hometown International had nearly 8 million common shares of stock outstanding. On Monday, shares of the company rose 0.15% to $13.01. Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey . HWIN reached a market cap of $113 million on February 8, Einhorn wrote in Thursday s letter. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. ....
Print Bernard L. Madoff, the notorious financier who pulled off history’s biggest swindle and came to epitomize Wall Street corruption as the economy plunged into the worst downturn since the Great Depression, died of natural causes while serving a 150-year prison sentence, a person familiar with the matter told the Associated Press. He was 82. Suffering from kidney failure, hypertension and heart problems, Madoff died at the Federal Medical Center in Butner, N.C., apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity. Last year, Madoff’s lawyers filed court papers to try to get the 82-year-old released from prison due to the COVID-19 pandemic. The request was denied. ....
Not diminished by his death : Shamed Bernie Madoff leaves behind long list of victims Adam Shapiro In a 2013 jailhouse interview, Bernie Madoff whose death from kidney disease stole headlines early Wednesday once admitted that he was ashamed of cheating thousands of people out of their life savings. That admission, however, may be cold comfort to the lengthy list of people who have suffered in the wake of a scandal that first broke during the financial crisis over a decade ago. I interviewed the famed Wall Street money manager, and crook, at the federal prison in Butner, North Carolina, having covered his famous Ponzi scheme from the day it imploded in December 2008. We exchanged several letters and emails prior to our face-to-face meeting. ....