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Nov 17, 2009 7:06 PMPublication: The East Hampton Press

Ted Hults again postpones court appearance

Nov 17, 2009 7:06 PM

Former East Hampton Town budget officer Ted Hults will not appear in court again until January 7.

Mr. Hults, who faces seven felony charges stemming from an investigation into the town’s financial practices, had been scheduled to appear in East Hampton Town Justice Court on November 5, but his attorney, Silvia Serpe of Manhattan requested a postponement first to November 12 and then into the new year.

In a letter to the court, Ms. Serpe said the extension would allow her time to continue the process of moving her 
New York offices while negotiating 
with the Suffolk County District Attorney’s office on resolving Mr. Hults’s case.

Mr. Hults has been charged with one felony count of defrauding the government for allegedly transferring $8 million from the town’s Community Preservation Fund to the general fund beginning in December 2006. He also faces six other felony counts for securities fraud, filing false instruments and falsifying business records as a result of inaccurate statements about the town’s financial position on two bond prospectuses issued in 2007.

He also faces two misdemeanor charges of official misconduct.

Mr. Hults, who resigned in May, signed two confessions stating that he acted with former Town Supervisor Bill McGintee, who resigned in October, in moving the money and preparing the bond documents. Mr. Hults did not have an attorney at the time he signed those documents.

Mr. McGintee has not been charged by the District Attorney’s office.

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