Broadway Financer Arrested for Fraud

SCHEME

Updated Apr. 21, 2017 3:22PM EDT / Published Oct. 16, 2012 7:26AM EDT

Elizabeth Williams / AP Photo

A stockbroker was arrested on Monday for defrauding the producers of the upcoming Broadway show Rebecca: The Musical by allegedly concocting an elaborate scheme that federal agents called “stranger than fiction.” The stockbroker, Mark Hotton of West Islip, N.Y., allegedly collected $60,000 for the musical but never actually gave any of it to the show, resulting in a production shutdown on Sept. 30. Hotton is charged with faking loans and coming up with phantom investors—including a phony investor that he killed off in August after he could not come up with $2 million he said the investor would give the show. Hotton reportedly stashed the money from his alleged schemes in the Cayman Islands. He is being held without bail.

Read it at The New York Times

R.F.K. Jr.’s Old Environmental Pals Tell Him to Get Lost

“His actions are a betrayal to our environment,” the candidate’s former mentor said of him.

Iconic Hotel From ‘The Shining’ Goes Up in Flames

Crews responded late Thursday night to an attic fire at the famous Oregon lodge.

John Cleese Cancels His Own Cancel Culture Show

The “Monty Python” star has stalled the show for three years.

Susan Sarandon Joins Protesters at Columbia University

“Especially in a place of education, and supposedly higher thought, to be attacked with racism and intolerance is not acceptable,” the actress said.

New Deets Surface on Barbara Walters and Diane Sawyer’s Beef

Despite the two being bitter rivals, Sawyer also conceded, “We spent a lot of time laughing and forging a real friendship.”

Stock Slips After Netflix Stops Sharing Subscriber Numbers

Despite a strong first quarter, investors were seemingly rattled by the company’s decision to stop reporting their favorite metric.

A D.C. ‘Skinny’ Home Is Listed for $600K—It’s 6 Feet Wide

A change in zoning laws forced the owners to put their building plans on a serious diet.

Ethics Panel Wants to Know if Gaetz Got High at Parties: ABC

The House committee has reportedly obtained a woman’s statement claiming the Republican attended an event where drugs were present.

Broadway Financer Arrested for Fraud

Elizabeth Williams / AP Photo