West Islip man accused in Broadway investment scheme

WEST ISLIP - A Broadway musical that should have been up and running this month has abruptly folded and the show's producer is blaming a Suffolk man for the collapse. The $12 million production of the musical "Rebecca" was canceled over an alleged elaborate fraud. The show's producer claims Mark Hotton, of West Islip, promised large sums of money from investors that apparently never existed. The producer is taking legal action against Hotton.News 12 Long Island has learned that Hotton is also embroiled in lawsuits with several of his neighbors, and with his childhood friend Ricky Valenti. Valenti says that he and Hotton formed a real estate firm together about a decade ago, until he caught on to Hotton's alleged "con artist" ways.Valenti says Hotton lied to him about how much various properties were being sold for. Valenti filed a suit against his former friend that accuses Hotton of a Ponzi scheme. Valenti says he's not surprised to hear that Hotton caused the financial collapse of the Broadway show.News 12 Long Island went to Hotton's multimillion-dollar home, but was told he wasn't there.

advertisement | advertise on News 12

Top 5 Must See

Tens of thousands of Long Island students are 1 Thousands of students to opt out of state testing
Trump's road to the White House, paved in 2 Trump's 100-days vows: Hits, misses, unfinished business
The crash occurred at the corner of College 3 Motorcycle, SUV collide in Selden
The blaze broke out at the Davidson Avenue 4 Firefighter injured while battling house fire in Lynbrook
United States Attorney General Jeff Sessions promised to 5 AG Sessions to MS-13 on LI: We are coming for you

advertisement | advertise on News 12


Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.