Prosecutors recommend light 12-18 month sentence for $100M deli stock fraud defendant

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

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.

the office is urging U.S. District Court Judge Christine O'Hearn to send the 65-year-old Patten to prison for a term between 12 and 18 months