A Long Island businessman has been arrested and charged with bilking the producers of an upcoming Broadway musical by claiming that he had secret investors who had committed millions of dollars to the project.

Businessman Mark Hotton was charged Monday by federal prosecutors with defrauding the producers of the Broadway show “Rebecca – The Musical” by fabricating the prospect of $4.5 million in financing commitments and the possibility of a $1.1 million loan, so that they would pay him, and entities he controlled, more than $60,000 in fees and commissions.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access