East Hampton's ex-budget chief takes plea deal

The Town of East Hampton?s former budget director took a plea deal in a fraud case yesterday.

Ted Hults paid a $200 fine and will have a permanent conviction on his record, but will never serve jail time.

As part of the plea deal, Hults admitted to stock fraud and official misconduct. Prosecutors say he tried to fill the town's budget deficit by taking from a town fund meant for open space preservation.

The judge called Hults? level of incompetence ?nothing short of stunning.?

Hults resigned last year as did Town Supervisor William McGintee. Prosecutors say that while McGintee knew what was going on, there was not enough evidence to charge him.

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