Former Stockbroker Admits to Defrauding NY Production 'Rebecca'

By: AP Email
By: AP Email

NEW YORK (AP) - A former stockbroker has pleaded guilty to charges he conned the Broadway producers of a failed production of "Rebecca."

Mark Hotton entered the plea on Monday in federal court in Manhattan.

Prosecutors had accused Hotton of making false promises that he could raise $4 million from phantom investors to save the adaptation of the psychological thriller. Hotton asked for tens of thousands of dollars in fees and commissions in return.

Hotton also pleaded guilty to separate charges he defrauded a Connecticut real estate company of more than $700,000.

He's likely to get up to 3 1/2 years in prison at sentencing on Nov. 1.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 217478491 - kolotv.com/a?a=217478491
Gray Television, Inc.