{"id":1143,"date":"2012-10-23T18:23:44","date_gmt":"2012-10-23T18:23:44","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/10\/broadway_musical_rebeccas_prod"},"modified":"2022-03-09T16:29:05","modified_gmt":"2022-03-09T22:29:05","slug":"broadway-musical-rebeccas-prod","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/broadway-musical-rebeccas-prod\/","title":{"rendered":"Broadway Musical \u201cRebecca\u2019s\u201d Producers File $100M New York Fraud Lawsuit Against Broker Accused of Scamming Them"},"content":{"rendered":"

\t\t\t\tThe producers of the Broadway musical “Rebecca” have filed a $100 million fraud lawsuit against former Oppenheimer & Co. <\/a>broker Mark Hotton because they say he scammed them by pretending to raise $4.5 million from investors for the play while they paid him and his entities $60,000. Hotton was arrested earlier last week and charged with wire fraud not just in this alleged financial scam, but also for his supposed involvement in a separate scheme in which he is accused of using similar deceptive practices to con a real estate company into paying $750,000 to him and the entities.<\/p>\n

In the financial fraud <\/a>involving “Rebecca,” which is based on Daphne Du Maurier’s novel, Hotton allegedly made fake investors and businesses to deceive the producers, who were about $4 million short of making their budget. They signed a deal with his TM Consulting Inc. earlier this year in an agreement that gave Hotton a $7,500 fee and an 8% guarantee on any money he raised above $250,000. <\/p>\n

Hotton made it seem as if he had found four investors to put in the $4.5 million-yet these supposed individuals didn’t actually exist. Instead, he allegedly pretended to be them. When the producers asked him for the money, Hotton even claimed that one of the investors, Paul Abrams, had died abruptly from malaria. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The producers of the Broadway musical “Rebecca” have filed a $100 million fraud lawsuit against former Oppenheimer & Co. broker Mark Hotton because they say he scammed them by pretending to raise $4.5 million from investors for the play while they paid him and his entities $60,000. Hotton was arrested earlier last week and charged […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3741],"tags":[],"class_list":["post-1143","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nBroadway Musical \u201cRebecca\u2019s\u201d Producers File $100M New York Fraud Lawsuit Against Broker Accused of Scamming Them — Investor Lawyers Blog — October 23, 2012<\/title>\n<meta name=\"description\" content=\"The producers of the Broadway musical "Rebecca" have filed a $100 million fraud lawsuit against former Oppenheimer & Co. broker Mark Hotton because — October 23, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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