Ex-broker gets nearly 3 years in Broadway scam
NEW YORK (AP) — A former stockbroker who admitted conning the Broadway producers of "Rebecca" has been sentenced to nearly three years in prison.
Mark Hotton was sentenced Friday in Manhattan by federal Judge John Koeltl (KOHT'-uhl).
Hotton was ordered to serve two years and 10 months in prison. He must also forfeit $500,000 and pay $68,000 in restitution.
Hotton had pleaded guilty to charges that he made false promises that he could raise $4 million from phantom investors to save the adaptation of the psychological thriller. He asked for tens of thousands of dollars in fees and commissions in return.
Producer Ben Sprecher attended the sentencing, saying he wanted to look Hotton in the eye after he did a "terrible thing."