10-16-2012, 01:54 PM #1
NY - Man charged in 'stranger than fiction' Broadway 'Rebecca' scheme
This one out-masterminded himself....
NEW YORK — A former stockbroker was arrested Monday on suspicion of concocting a cast of phantom investors to defraud producers of the planned Broadway musical "Rebecca," which was canceled for lack of financing a few weeks before its scheduled November opening.
The announcement by the FBI and the U.S. attorney in Manhattan, Preet Bharara, followed weeks of speculation on Broadway and in entertainment publications over the show's fate, which had hinged upon millions of dollars that Mark C. Hotton vowed were coming from investors he claimed to know. In reality, those investors - including an Australian man who purportedly died after falling ill while on safari - did not exist, according to a 19-page complaint............
Hotton, 46, was charged with two counts of wire fraud. Each carries a maximum prison term of 20 years.
Read more here: http://www.mcclatchydc.com/2012/10/1...#storylink=cpy
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