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Aug 4, 2009 7:55 PMPublication: The East Hampton Press

Former East Hampton budget officer hires attorney, postpones court date

Aug 4, 2009 7:55 PM

Former East Hampton Town budget officer Ted Hults, who is facing seven felony and two misdemeanor charges related to improper use of Community Preservation Funds and lying in bond documents about the town’s financial position, has hired an attorney and postponed his July 30 court appearance.

Mr. Hults is now due in East Hampton Town Justice Court on September 10. In a letter to Town Justice Lisa Rana dated July 27, his new attorney, Silvia L. Serpe, of Manhattan, asked for the adjournment, stating that it “will give me time to meet with my client to discuss the matter.”

Mr. Hults retained Ms. Serpe’s services on July 23, according to court documents, after appearing at his arraignment on June 11 with a legal aid attorney.

Mr. Hults faces one charge of defrauding the government for his alleged improper transfer of money from the CPF to the town’s general fund to cover operating expenses. Suffolk County District Attorney Thomas Spota has said that Mr. Hults is not accused of receiving any personal financial gain from his alleged actions.

Mr. Hults was also charged with six felonies related to two bond anticipation notes. One, dated June 6, 2007, was for $5.7 million, and the other, dated August 31, 2007, was for $6.6 million. He was charged with two counts each of fraudulent practices in respect to stocks, bonds and other securities, falsifying business records in the first degree, and offering a false instrument for filing in the first degree. He also faces two misdemeanor charges of official misconduct. Mr. Hults pleaded not guilty to the misdemeanor charges and did not enter a plea to the felony charges.

Prior to hiring an attorney, Mr. Hults signed two confessions stating that both he and Town Supervisor Bill McGintee were complicit in the transfer of money from the CPF fund and that they were also both aware that the bond prospectuses were inaccurate. A number of attorneys said at the time that they believed that Mr. Hults would later testify against Mr. McGintee before a grand jury in exchange for clemency.

Though Mr. Spota said in June that he expected further action against Mr. McGintee, no charges have yet been filed against the town supervisor. Mr. McGintee has hired the powerhouse New York law firm of Bracewell & Giuliani.

Ms. Serpe could not be reached for comment.

According to Ms. Serpe’s website, she has served as an assistant U.S. Attorney for the Southern District of New York and has represented the United States in cases ranging from employment discrimination to medical malpractice, civil rights, tax, tort and bankruptcy matters. She also has extensive appellate and trial experience as well as experience in securities litigation.

Ms. Serpe graduated with honors from Cornell Law School.

The Suffolk County District Attorney’s Government Corruption Bureau Chief, Chris McPartland, agreed on July 28 to the postponement.

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Mr. Hults did not act alone and we all know it. He is McGintee's fall guy. Where is Mr. McGintee in all this and why is there absolutely no further news about him? Where is the DA and the investigation?
By nauti lady (25), Sag Harbor on Aug 4, 09 12:05 PM
Hopefully building a case, for a formal indictment. I'm more than sure they would like to include EVERYTHING in a tidy little list of counts.

We wouldn't want to miss any details, or allow any technicalities to dismiss any charges.

Look how long it took with Bernie. They want this airtight, trust me...
By Mr. Z (11632), North Sea on Aug 4, 09 10:41 PM
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