Scamfluencers - Rebecca: A Real Showstopper
Episode Date: January 29, 2024When Louise Forlenza sees a production of “Rebecca” in Europe, she knows she wants to be the one to bring it to America. But she and her co-producer are going to need major cash to put on... a Broadway musical. They put all their hopes in a mysterious angel investor, but when he turns out to be too good to be true, their show risks going up in flames. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Sarah, you strike me as a theater kid in recovery.
I know you're just saying that to piss me off.
And, but am I wrong?
The answer is no, I'm not a theater kid in recovery.
I don't know anything about theater, okay?
Is that true?
Yeah, honestly it is. I know very little about theater.
Okay.
Well, would it surprise you to know that I wrote one of my school's plays in the 12th grade,
and it was amazing.
No, it wouldn't surprise me that you wanted to control people. Thank you. Thank you for putting it that way.
Well, Sarah, today I need you to find your inner theater kid,
because for this week's scam, I'm taking you to Broadway, baby.
It's a stormy afternoon in September 2012.
Louise Ferlenza sits in the passenger seat
of a Ford Expedition checking her email.
Louise is in her early 60s
with a chic blonde bob and colorful glasses.
Her business partner, Ben Sprecker,
is driving them from New York to New Jersey.
He's in his late 50s with puffy eyes
and a receding hairline.
The two of them are on their way to get some paperwork.
They hope it'll get them one step closer to their dream,
producing a Broadway musical called Rebecca.
Louise has invested in a few plays before,
but she's been wanting to make the jump to the big leagues.
Ben, meanwhile, has already produced a handful of Broadway shows,
one of which even got nominated for a Tony,
but he's never worked on a project quite this challenging before.
He and Louise have spent the last six years trying to get the show off the ground.
A huge part of the problem is the cost of putting on the musical, which will run them
more than $12 million.
That amount isn't unheard of for a Broadway production, but it is a lot for Louise and
Ben, especially because just a few weeks ago, they lost one of their investors
and had to scramble to raise several million dollars.
But then at the last minute,
an angel investor offered to join the production.
That seems to be very good luck if you ask me.
Yes, it's super lucky.
And as Ben drives, Louise eagerly refreshes her email,
waiting for confirmation of the money transfer.
This is the miracle they've been waiting for,
the one they hope will save their show.
But when a new email pops up in her inbox,
it's not what she expected.
Her lawyer has forwarded an email
from someone named Sarah Finkelstein.
Louise reads the email out loud to Ben.
Sarah, can you read what part of it says?
Yeah, other Sarah goes,
the walls are about to cave in on Mr. Sprecker
and the Rebecca Broadway production.
Damn.
Yeah, and the message only gets more ominous from there.
It basically calls Louise and Ben scam artists.
It ends with a warning that investing in Rebecca
will only lead to a role in a fraud trial.
Ben is already sobbing by the time
Louise finishes reading the email.
He's so upset he can barely drive.
He pulls into a nearby McDonald's parking lot,
and as they sit in the car under the golden arches,
they get crushing news.
The cryptic email has spooked their new investor so much
that he's dropping out.
Rebecca the musical has lost its funding once again. Louise is shocked.
She's being sabotaged. She doesn't know why anyone would write something so vicious.
She doesn't know anyone by the name of Sarah Finkelstein, and she suspects it's a fake
name anyway. Whoever sent that email wants to see her production fail. But who and why
are a mystery?
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And this is Scamfulincers.
Come and give me your attention,
I will ever learn my lesson,
tell my speakers you are loving,
I feel like a legend.
Broadway producers raised millions of dollars
in the hopes of one day backing a hit like Hamilton
or the Phantom of the Opera.
But the odds of betting right on a once-in-a-generation smash
are slim.
To survive in this cutthroat world, theater producers and artists need passion, creativity,
and a healthy dose of delusion.
Of course, this makes it a perfect environment for scammers.
The saga of Rebecca the Musical involves a con man, cryptic emails, a mysterious case
of malaria, and perhaps most dangerous of all, very dramatic theater people.
This is Rebecca the Musical, a real showstopper.
Our Broadway disaster starts in 2006.
Louise is in Vienna for a business trip.
She's an accountant, but she's passionate about theater
and recently started producing on the side.
So she can't pass up the opportunity to attend the premiere of a new show,
Rebecca Das Musical.
Louise isn't fluent in German, but she knows the 1938 novel it's based on.
Alfred Hitchcock later adapted it into a psychological thriller, also called Rebecca.
Sarah, have you seen it?
I haven't seen any of the sophisticated versions of the story,
nor have I read the sophisticated version of the book,
but I have read things based on Rebecca,
so I kind of know a little bit about it.
You know the gist then.
For anybody listening at home,
I am going to spoil this 100-year-old story,
so if you don't want it spoiled,
now's the time to listen to something else.
Rebecca is about a woman who marries a wealthy widower,
but when she moves into his estate, Mandalay,
she can't escape the lingering memory
of her husband's first wife, Rebecca.
The housekeeper at Mandalay is obsessed with Rebecca
and is constantly trying to undermine the new wife.
And finally, it's revealed that the husband
actually murdered Rebecca, and the whole thing ends with the house going up in flames.
It's a classic, and it's an epic,
and Rebecca Doss' musical totally lives up to it.
Louise is blown away by the stunning sets, the costumes,
and powerful operatic score.
The show ends with the housekeeper literally setting a spiral staircase on fire.
Sarah, here's a clip of the show's climax.
Would you describe it for us?
This is fully a staircase on fire on stage.
I didn't know you could do that.
This is like the episode of The Simpsons where they're watching the Planet of the Apes
musical and Homer's like, I love theater.
That's how I feel watching this.
I'm like, oh, this is dramatic.
Well, Louise has been looking for a musical to produce
and now she's confident that she's found it.
She calls up her friend, Ben,
who's always looking for new shows to produce.
And she tells him, holy shit, you have to see this production.
When he does, he's just as impressed.
They decide they're gonna do it.
They'll produce the first English language version
of Rebecca Doss musical.
To make it happen, Louise and Ben need to first
find investors with deep pockets and a love of theater.
It won't be easy because neither of them have been
the head producer on a major musical.
Plus, musicals are notoriously hard to fund,
since they're expensive and they rarely make a profit.
But with Ben's off-Broadway connections and Louise's wealthy accounting clients,
they're confident they can find investors who believe in Rebecca the Musical just as much as they do.
Within two years, Louise and Ben have convinced enough investors to help them buy the English rights to the musical.
They hired translators, and they set out to find a theater to host the show.
After a few setbacks, including a basement flood in their initial location,
Ben and Louise find a new theater, this time on Broadway.
What could possibly go wrong?
Louise and Ben get to work hiring actors and crew, And it's a big deal. And it's a big deal. And it's a big deal. And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal.
And it's a big deal. And it's a big deal. And it's a big deal. And the money they initially pledged. It's a major blow to the production, so they have no choice but to postpone rehearsals
and push the show's premiere. It's humiliating to make this announcement.
Rebecca is one of the most anticipated new musicals of the year,
and the press has been covering it closely. Plus, Broadway is a small world, and theater people
do not forget.
Yeah, I'm sure whatever the reason for the investor pulling out,
like, it is a stain on something because people get suspicious, right?
Yeah, I mean, I would be too.
So Louise and Ben are on a real deadline.
They need to raise $4 million by the fall or they'll lose their spot at the theater.
And if they don't stage the production, they won't be able to repay their investors.
And that's why, on a brisk day in January 2012, Louise walks into a Long Island diner
for a blind date, the business kind.
She's here to meet Mark Houghton, a 46-year-old former stockbroker who now works as a financial
consultant.
With his fancy suit and his shiny Rolex, he looks like he could be the answer to all
of Louise's problems.
Louise tells Mark about the cast
and the crew they've already lined up.
Plus, the original Vienna production is a proven concept.
Adaptations in Tokyo, Seoul, and Helsinki
are having successful runs too.
It's got all the makings of a hit.
Mark seems intrigued.
He tells Louise he has friends who have invested
in productions on London's West End,
and they've done really well.
Louise leaves the diner feeling encouraged.
A week later, Mark tells her that he can't invest
in the musical himself,
but he wants to help her find others who can.
All he wants in return is a finder's fee
and reimbursement for any expenses.
This is pretty unusual for Broadway,
but Louise talks to Ben about it and they
decide they've got nothing to lose. They agree to give Mark a flat fee of $7,500 and a percentage
of any money he brings in after they raise $250,000.
That seems like the most reasonable thing to do for something that is like a bit weird.
You know, they're not giving him a ton of money. If he does something crazy, you know, it's just $7,500 at that point, right?
Yeah, it does seem kind of low risk.
And a little more than a month later, their gamble does seem to pay off.
Mark tells Louise he's found a group of investors willing to chip in.
One of them is a South African businessman living in Australia.
His name is Paul Abrams.
He's agreed to put in $2 million, and three of his friends will chip in another $2.5 million.
An investment of this scale is virtually unheard of in Broadway,
particularly by new investors.
But it would put Louise and Ben well over their $4 million fundraising goal.
They're thrilled.
Normally, they would meet their investors in person,
but they don't have time to travel abroad.
And when Ben tries to set up time
to meet with Paul in New York, he cancels on him.
So they handle all the paperwork over email
and Mark promises they'll get the money
by the end of July.
Louise breeds a sigh of relief.
Now she and Ben can reschedule rehearsals
and set a new premiere date for the fall.
But while Louise is preparing for the drama on stage,
things are about to get even messier behind the scenes.
A few months after making the deal with Paul,
Louise and Ben host a preview of Rebecca for Critics and Investors.
Now, I don't have any audio from this event,
but I do have audio from a trailer for Rebecca.
So Sarah, please, if you will, imagine you're
in a rehearsal
space in New York City watching performers belt their hearts out to a small but wealthy
audience.
As someone who has never, like, gone to a musical before, this is what I would want from the
experience.
So much is happening.
There's just so much going on.
I could see why this is an expensive production.
Yeah, man.
Listen, they're spending that money.
And after the performance, Louise approaches Mark.
She asks him if Paul, the South African investor, is in the crowd.
She's eager to meet him and his friends,
who are solely responsible for saving their musical.
Mark says they weren't able to come, but that Paul's niece is here,
and he points to a middle-aged brunette standing across the room.
When Louise goes over to say hi,
she quickly realizes that Paul's niece doesn't have a South African accent,
or even an English one.
She sounds American. It's unexpected,
but Louise shrugs it off. Rich people grow up all over the place, you know?
Yeah, I mean, again, that is a thing that probably in retrospect is a red flag, but
at the moment you'd be like, yeah, of course you can have an American niece.
You just don't know till you know. Yeah.
Well, the performance goes well, but Louise and Ben are still nervously sprinting
towards their fall premiere.
They're confident they can get there,
but there have been so many delays already
that their leading actors recently left the production
and they still haven't gotten the money
from their new investors.
Still, they honor the end of their deal with Mark
and give him a portion of the finder's fee.
They figure it's a show of good faith.
They also reimburse him for an African safari
he took with Paul to secure the investment.
In total, they've given him about $35,000.
So this is Scammer 101.
We've seen this so many times
where in order to secure an investment,
they go on like a very luxurious trip.
And they're like, listen, it's necessary
with these rich guys, you gotta take them somewhere nice. And to a normal person And they're like, listen, it's necessary with these rich guys.
You got to take them somewhere nice.
And to a normal person, you're like, cool,
I don't know what rich people do.
This is true, but Sarah, get this.
Soon they hear from Mark that Paul is in the ICU with malaria.
Louise feels horrible, but she also really needs to get his money.
She and Ben decide to wait it out and hope for the best.
But four days later,
Paul's assistant reaches out to them with some bad news.
Paul has died.
Louise and Ben do not have time
to mourn the investor that they never actually met.
They are freaking out.
They start frantically trying to get Paul's friends
to send in their money.
But with Paul's death, everyone has gone silent.
Mark promises he'll fly to London and figure it out.
But summer comes and goes and the money still hasn't arrived.
Louise and Ben have no choice.
They have to postpone Rebecca the musical.
Again, they're devastated.
But they also have to be strategic.
They don't want other investors to get spooked.
They need to make this look like a bump in the road
rather than a full-on disaster.
So they reach out to the only person
they think can save them, a PR genius.
It's September 2012, the same month
Rebecca rehearsals were supposed to have started.
And Marc Tabidou is walking up to an Upper East Side apartment.
And Sarah, since there's already a mark in the story, I'm going to call this guy Tibido.
Will you please describe what him and his fermentable neck look like?
You know, he looks like a business guy because he has that kind of gray, mostly gray, salt
and pepper hair, and he has angry eyebrows, so he means business.
He sure does.
And Tibido is actually a superstar Broadway publicist.
His company has represented more than 200 shows,
including Phantom of the Opera,
Lee Mizraab, and Wicked.
If anyone can help make a show a hit, it's him.
And his job is now to help Louise and Ben
save Rebecca the musical.
Once Tibido arrives at Louise's apartment,
she and Ben tell him that their key investor has died.
And now they need to find a way to let people know
that they're postponing the show
and to spread the word that they need to raise more money
without scaring their current investors off.
Tibido says he'll go home and draft a press release.
And in it, he explains that the play has to be postponed,
due to the sudden and shocking death of their largest investor,
Paul Abrams.
But after reading it, Louise and Ben immediately push back.
They say he has to remove any mention of Paul's name.
Tibetho is confused.
This is their second postponement in a year,
and they need to have a good reason for it.
Tickets are already on sale,
and more than 100 people's jobs are on the line.
If Louise and Ben aren't careful,
they'll become the laughing stocks of Broadway.
With everything else at stake,
Tibetno thinks they should include
more information about Paul.
But Louise and Ben stand firm.
They insist on leaving Paul's name out.
They want to protect his privacy,
and so the release goes out saying that the delay is due to the death of an anonymous investor. firm. They insist on leaving Paul's name out. They want to protect his privacy. And
so the release goes out saying that the delay is due to the death of an anonymous investor.
It is especially weird because there's been so many issues already that it's like why
not just name this guy. He was obviously well known enough to have that much money.
Yeah, it's weird. And soon after, Tipitoh gets a call from a New York Times theater
reporter named Patrick Healy. Patrick doesn after, Tibido gets a call from a New York Times theater reporter named Patrick
Healy.
Patrick doesn't think the story about a dead investor adds up.
He wants to know who the investor is.
Otherwise, it seems like Louise and Ben are just stalling, or maybe even making up a fake
investor so that they could raise more money and not raise alarm bells.
Tibido has to stand by his clients, so he refuses to share Paul's name.
The next day, he breeds a sigh of relief
when he reads Patrick's article in The New York Times.
It's headlined,
Rebecca Delayed Again After Major Investor Dies.
No mention of Patrick's suspicions
about the anonymous investors.
But what Tibidot doesn't know is that the drama with Rebecca
is somehow just beginning.
The play is about a woman haunted by her husband's dead wife.
And now the musical itself will try to move forward
while being haunted by a dead investor.
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I feel like a legend.
The day after Patrick's article hits newsstands, Ben is sitting in his small fifth floor office
in Manhattan's theater district.
He and Louise are desperate to find new investors
so they can keep their premiere date and their venue.
He's scrolling through his email
and he sees one from a stranger,
a guy named Larry Runesdorf.
Larry says that he's read about their late investor
and he's interested in potentially replacing him.
He even gives his office address. A guy named Larry Runsdorf. Larry says that he's read about their late investor and he's interested in potentially replacing him.
He even gives his office address.
Ben reads the email again.
He's skeptical, but at this point,
he'll follow any lead that could get Rebecca funded.
So he drops everything and he sprints across Manhattan
to meet Larry.
Larry is 72 and he looks a little bit like Bernie Sanders.
When Ben gets to his office,
the two of them sit down and they chat for a while.
Larry tells Ben that he runs a pharmaceutical company
and he's interested in investing in Broadway
for the first time.
So Ben gives him the pitch about Rebecca.
He asks Larry point blank
if he can replace Paul's multimillion dollar investment.
And Larry says, yes, he can,
but he wants to remain anonymous.
An investment this large
would send every Broadway producer to his door.
Ben eagerly agrees,
and he leaves the meeting with a handshake deal
and a skip and a step.
Within days, Ben's lawyers have drawn up the agreement
for Larry to invest more than $2 million.
I understand part of the wanting to be anonymous thing,
but for a second time of this coming up, it is so sus.
Well, even with this last minute investment,
Ben and Louise are still more than a million dollars
short of their goal,
because Paul's so-called friends in London
never came through.
Luckily, Marx says he can cover it.
He feels awful about Paul's death,
and he wants to do everything he can to help the show.
He says he'll get Ben and Louise a bridge loan,
and that he'll even use his own house to insure it.
Ben is eager to tell the world that Rebecca is fully funded.
But just as he's secured a roof over their heads,
the floor is about to fall out.
Around this time, Tibido is still thinking about that phone call from Patrick at the New York Times.
Patrick's questions about the sudden death of an investor were perfectly reasonable,
but Tibido didn't have answers. Neither did Ben or Louise, at least none that they shared with him.
Tibido is a bit shaken by the whole thing, so he starts an investigation of his own.
He starts by looking over the investment paperwork
for Paul Abrams, and right away,
he finds a lot of red flags,
like street addresses that he discovers don't actually exist
and phone numbers that don't work.
Tibido has gone from curious to deeply concerned,
so he decides to look into Mark.
He Googles Mark Houghton and Long Island
and gets a flurry of hits.
And they implicate Mark in a series of fraud schemes.
So you're telling me that it was that easy
to find dirt on Mark by literally Googling,
Mark Houghton, Long Island.
That's all it took.
Sarah, as you know from hosting the show,
people don't look anybody up. They just don't bother. That's all it took. Sarah, as you know from hosting the show, people don't look anybody up. They just don't bother.
That's insane.
Well, Tibido is freaking out.
So he calls Ben, eager to share what he's found.
But Ben doesn't want to hear it.
He says successful people like Mark always have lies
written about them on the internet.
Ben still believes that Mark is going to get him that bridge
loan, and he doesn't want anything to stand in the way of it.
Now, Tippito's mind is racing.
How could Ben willingly ignore such gigantic red flags?
He could be getting scammed right now.
Is he just blinded by his ambition
to get Rebecca up and running?
Or could he be in on the con?
Tippito doesn't know what to think.
And the next day, things get even more complicated.
Patrick publishes a new article about Rebecca.
It's so juicy that it lands on the front page of the New York Times.
It turns out Patrick has been talking to the show's other investors,
who were all pretty alarmed by Rebecca's fundraising situation.
Through his reporting, Patrick has discovered the name of the person he dubs,
the mystery man, Paul Abrams.
And the article details how Paul was set to invest
millions of dollars only to die suddenly.
But as Patrick notes, there were no obituaries
and not a single death notice.
Plus, the only contact for his estate
is a spokesman who goes by one name, Wexler,
who refuses to speak on the phone
and uses an email address that
was created last month.
Okay, so obviously this man does not exist.
Well, when Patrick contacts Ben for comment, Ben admits, well, he never met Paul in person,
and they never spoke on the phone.
But he won't say whether he thinks Paul was made up.
He tells Patrick he's just focused on doing everything he can to replace Paul's money.
The day after the article runs, two FBI agents show up at Ben's office.
It seems like they think Ben may have invented Paul as some kind of fraud scheme.
They ask him for all documentation relating to Paul,
and they tell him to come in for questioning.
For Tibido, this is turning into something beyond crisis PR. It feels like
Rebecca is doomed, and its producers are caught up in something that no amount of spin can save.
Two days after the FBI raid, Ben and Louise's newest angel investor, Larry, gets an unexpected
message. It's from someone named Sarah Finkelstein, and it's really ominous.
It warns that the walls are closing in
on Rebecca the musical,
and this is the email that gets forwarded to Louise
when she and Ben are driving in the rain.
Here's another quote from it.
I am writing for one reason only,
to try and protect an innocent person
from losing a lot of money.
Sarah, can you read this next part?
Oh, yes.
It says, it is a near certainty that the man Paul Abrams was made up several months ago
to defraud other investors.
It is inevitable that the truth will come out in a matter of days or weeks.
This is so juicy.
I love an ominous message.
I love scary prediction. I love a ominous message. I love scary prediction.
I love a spooky tattletale.
This is drama, my friend.
Yes, but Larry doesn't know anyone named Sarah Finkelstein.
And he's especially startled
because his investment in the musical
was supposed to be kept private.
And this isn't the first time
that someone has contacted him about it.
A couple of days earlier,
his legal team got similar emails
from someone named Bethany Walsh.
Larry was willing to overlook those initial messages,
but this one puts him over the edge.
He's spooked.
He tells Ben and Louise that he's pulling his investment.
That's the note that caused Ben
to have a mental breakdown in a McDonald's parking lot.
Larry is just the latest to lose faith
in this cursed musical production.
And the FBI are now digging into the question,
is it cosmic bad luck or a criminal caper?
Ben is scheduled to meet with the FBI
the day after Larry pulls his investment.
But first, he needs to confront the person who found Paul
and supposedly communicated with him up until he died.
Ben arranges to meet with Mark in a Long Island diner.
And we're not sure, but it seems like it could be the same diner where Louise
met Mark for the first time, just nine months earlier.
Ben brings his attorney along and a man he introduces as a colleague,
even though he's actually a private investigator.
Ben tries to act natural, even as his stomach churns.
Ben's attorney hammers Mark with questions about Paul,
but Mark is good at deflecting.
He regales them with tales of private jets,
luxury hotels, and dinners at Nobu.
He exudes confidence,
and Ben is reminded of why he trusted Mark in the first place.
But the private eye has a very different perspective.
When breakfast is over,
he tells Ben he doesn't find Mark credible.
And he says, in his professional opinion,
that Ben has been had.
In some ways it's kind of worse that Ben didn't know
only because like there were just so many times
he should have known this was totally messed up.
Like I can't believe it took this much for him
to get the truth that was very obvious
to Tibido from the beginning.
I know.
And before Ben has time to fully process this,
he has to go meet with the FBI.
Agents grill him for three hours,
presumably making him lay out every interaction with Mark
and the mysterious Paul Abrams.
They bring up all the inconsistencies
in Mark and Paul's stories.
And by the time the meeting is over,
it's clear to Ben that everyone around him was right.
Mark is a scam artist.
Ben and Louise fell for his trap, hook, line, and sinker.
And if Ben and Louise don't want to be implicated
in Mark's schemes,
they need to cut off contact with him immediately.
That's easy, but their next task will be much, much harder.
Breaking the news to the more than 100 cast and crew members
who've put their lives on hold for Rebecca the Musical.
The day after the FBI meeting,
the main cast and crew of Rebecca get called into Ben's office.
One of the actors is a theater in Cabaret vet named Karen Mason.
She's in her early 60s,
a bubbly blonde with a big smile and an even bigger voice.
A months ago, she landed the part of
the housekeeper who lights the legendary staircase on fire.
She stuck with the production through both of its major delays.
She's been waiting for a breakout role to take her career to the next level,
and she thinks this one could be it.
I am livid right now.
Well, you already know what happens.
In Ben's office, Karen gets the worst possible news.
Her heart nearly stops when Louise and Ben
tell the small group why they've gathered.
They detail the threatening messages
that have scared away their angel investor.
And Ben starts to read the emails out loud,
but soon he's crying so hard that he has to stop.
His attorney steps in and finishes it for him.
Ben, Louise, and their attorney tell the actors
there will be one day of rehearsal
so the cast can get paid,
but after that, the musical is postponed indefinitely.
Karen is stunned and destroyed.
And like Manderley itself,
Rebecca's Broadway dream seemed to have been burned to the ground.
Louise is completely gutted.
She spent six years trying to achieve her dream of producing a Broadway musical,
and she was this close to making it happen.
The play's logo, A Curse of R with Flames Around It,
is already on the theater's marquee.
The sets have been built, the costumes have been made,
a million dollars and tickets have been sold,
but the show won't go on.
And unless by some miracle,
she and Ben can secure the rest of the funding
in the next three months,
they're on the hook to pay their investors back
for the millions that they've already spent.
But if Ben and Louise want to salvage their reputations,
they have to tell the world about the mysterious circumstances
that stopped this production dead in its tracks.
But that could be harder than ever
because their publicist, Tibido, has resigned.
Ben somehow convinced him to send out
one final press release before he did.
In it, he explained that the musical was thrown into chaos
by a, quote, malicious email filled with lies and innuendo sent to an angel investor. And now,
it's clear that Rebecca the musical is taking its final bow before it's ever able to take its first.
Louise is worried that she'll never be able to work in the theater industry again.
And the most frustrating thing is that whoever sent those eerie messages is still walking free.
["The Story of the Dead"]
Hello, I'm Elizabeth Day,
the creator and host of How to Fail.
It's the podcast that celebrates the things in life
that haven't gone right,
and what, if anything, we've learned from those mistakes
to help us succeed better.
Each week my guests share three failures, sparking intimate, thought-provoking and funny
conversations.
You'll hear from a diverse range of voices, sharing what they've learned through their
failures.
Join me Wednesdays for a new episode each week.
This is an Elizabeth Day in Sony Music Entertainment original podcast.
Listen now wherever you get your podcasts.
And I feel like a, like a.
Like a.
In October 2012, less than a month after Rebecca officially
folds, federal agents swarm a brick mansion on Long Island.
The agents rush inside and grab their man, Mark Cotton.
They cuff him and perp walk him into a squad car.
He's actually being brought in on charges related to an entirely different scam.
But hours later, he gets slapped with charges for his role in Rebecca the Musical 2.
Oh, and he's also charged with stealing more than $750,000 from a Connecticut real estate
company.
He scammed them in a similar way as he scammed Louise and Ben
through a web of fake companies,
made up people and fake email addresses.
And get this, the police only discovered this other scam
when they looked into the mystery surrounding Paul's death.
It turns out Mark has been living on borrowed time.
He declared bankruptcy the previous year
to avoid paying back millions he stole
from real estate clients. They were funding his lavish lifestyle.
His old colleagues nicknamed him Hollywood for his ridiculous spending.
I mean, he actually bought a yacht and named it Hot Catch,
and that's hot with two T's just like his last name.
Ugh, my God, another stupid boat with a dumb name.
Men love boats!
Well, the feds now understand a lot about Mark and his various cons. bought another stupid boat with a dumb name. Men love boats.
Well, the feds now understand a lot about Mark and his various cons.
But it's still unclear why Mark got involved with Louise and Ben.
Did he think he could actually find investors?
Probably not.
Maybe he just saw a desperate producer at that diner and
thought he had an easy mark.
Or maybe there was a bigger con that would have unfolded had he not been caught.
We'll never know.
It's probably obvious by now, but Mark made up Paul and his associates and
he sent all the fake emails pretending to be them.
And remember the woman Louise met at the backers audition,
the one who was supposedly Paul Abrams' niece, the one with the American accent?
Well, that was Mark's wife.
I'm really glad you said that because I was like
really hoping we'd find out who she is.
Well, Louise and Ben immediately filed
a $100 million lawsuit against Mark for ruining the show.
The lawsuit also says that whoever sent the emails to Larry
might also have criminal liability
because they led him to pull out.
Sarah, who do you think sent the ominous emails?
I am very curious as to who sent those emails
because they obviously knew something, right?
Well, Sarah, strap in because we're about to find out.
Shortly after Mark's arrest,
Tibido is riding his bike around New Jersey's Liberty State Park.
He just goes in circles around and around for six straight hours.
Then recently told him that the email sent from made up people, Bethany and Sarah, were
potentially criminal and the FBI is investigating.
Tibodeau is panicking because he's the one who sent them.
Oh my God, that makes so much sense
because he was obviously like,
how could these people be so stupid?
Like, they must be in on it too.
And they weren't in on it.
But that was a natural assumption to be made,
and he wanted to like save people
from getting in trouble, I guess?
I guess.
Well, when Ben and Louise refused to reveal Paul's name, and then ignored Tibido when
he brought up Mark's super shady Google results, Tibido was beyond suspicious, and he assumed
that Ben and Louise were involved in Mark's scheme.
And then he found out that his press release is what caught Larry's attention, and led
him to invest.
Tibido felt responsible for playing a part
in an innocent investor potentially getting scammed
out of millions.
And he knew that Patrick, the Times reporter,
was sniffing around.
So he came up with a very drastic plan
to try to scare the investors away.
Oh my God, this is so convoluted.
But I kind of get it.
Like it was already so deep into the problem that like I could see someone's mind going there, you know?
Sarah, there's more.
No.
I would love if you could read how Tibido later told Vanity Fair that he came up with the name Bethany Walsh.
Okay, he goes,
My mother's maiden name is Walsh, and maybe I had seen Bethany Frankel
on the Today Show that morning.
Oh my god, Bethany Frankel, selling her skinny margaritas or whatever.
I love that he was like, Bethany.
Hmm, that's a real name.
Well, Tibido isn't the most tech-savvy guy, so he went to a public computer at a coffee
shop to send the email, and he hoped that was anonymous enough.
And then, when Larry's lawyers didn't respond, he created another email account and made
the sender name Sarah Finkelstein, and then he typed that super dramatic email.
Tibido knows he didn't cover his cybertracks very well.
It's only a matter of time before he's found out,
which is why he's been riding his bike around in circles,
because he's terrified.
He later hires a criminal defense attorney,
but he's so afraid he won't even go into his office
worried that the FBI will show up,
just like they did at Ben's office.
Tibido thinks of himself as a whistleblower,
someone trying to protect the innocent.
But will the theater community agree?
Or will his reputation as a respected publicist
be forever tainted?
He doesn't have to wait long to find out.
Louise and Ben's attorneys are able to track
the mysterious emails to Tibido's IP address.
And they finally find out that the person who scared off
their last hope at getting Rebecca the musical to the stage
was their own publicist.
Just weeks later, Louise and Ben Sue Tibbido for defamation and breach of contract.
They ask for more than $10 million in damages. By this point, the logo for Rebecca the musical
is finally taken off the theater's marquee. It's soon replaced by the Nora Efron play,
Lucky Guy starring Tom Hanks.
The Broadway story is over, but the drama in the courtroom is just beginning.
In July 2013, about nine months after his arrest,
Mark pleads guilty to both counts of wire fraud,
one for his Rebecca scheme and another related to the real estate con.
A little more than a year later,
he sentenced to almost three years in prison
and is forced to repay nearly $70,000
to the Rebecca producers
and another half a million dollars to the government.
One of the victims' lawyers estimates
that Mark and his wife, through all of their scams,
defrauded victims out of more than $7 million.
He sentenced to 11 more years in prison
in the summer of 2015,
this time for his involvement in an entirely different scheme,
conspiracy to launder money.
He sent to Fort Dix the same New Jersey prison
where Joe Giudice did his time.
As of this recording, he's being held at a halfway house in New York,
and he's scheduled for early release in February 2024.
The SEC eventually clears Ben and Louise
of any involvement in Mark's scheme.
Their lawsuit against Tibido Ghost Trial in April, 2017.
Tibido has found not guilty of defamation,
but he does have to pay $90,000 for breaking his contract
and ruining the show's chance at financial success.
It is a fraction of the $10 million Ben and Louise
had been hoping for. Today,
he's still a successful theater publicist. As for Louise, she seems to have given up
her dreams of producing a Broadway musical. Good thing she kept her day job. And now,
Ben has a markedly different path since the scam. In August of 2019, he was arrested and later convicted of possession of child porn.
I am what?
Like, yeah, we cannot root for Ben.
Well, in other news, their angel investor, Larry,
has since passed away.
There's some speculation that he wanted his investment
to remain a secret because of his son's dealings
and unregulated pharmaceuticals.
But that's a story for another day.
Oh, and there is a happy ending for Rebecca the musical fans.
The English language debut of Rebecca finally made it to a stage in London last
summer with different producers.
Well, Sarah, what a ride.
I know we say that all the time, but truly this was a ride.
I didn't know who to believe.
I know.
Why do you think Louise and Ben didn't just Google Mark?
I really think they were very arrogant.
I think they wanted to ignore anything crazy
or any red flags because they were just like,
whatever, we'll get it, we'll push through,
this is gonna happen without thinking about anyone else
who's involved. And you know, like, theater performers
aren't paid a ton of money.
Like, this could have been life-changing for a lot of people.
It's so wild because it's like this chain reaction of,
like, all these people got roped into this thing
just because these two ding-dongs didn't do a Google search.
Yeah, I do feel pretty bad in some ways for Tibido
because like he didn't do the smartest thing,
but I could see how someone could think
that's the only way to get someone's attention
to stop something, you know what I mean?
I feel like this is teaching me
that you and I should just like make a musical,
like how hard could it be?
Yeah, definitely.
I have learned that honestly, maybe it isn't that hard.
As long as you're able to like shamelessly ask for money.
Mm, that's the key to success.
You know, at the end of the day,
the scam is arts funding.
Yeah. Where, you know,
everyone's out here begging for money and, you know, it's such a dog eat
dog world out there and it just makes me so sad that that's what people have to do,
you know?
Here's what I learned.
Is writing is the only job in the creative space where you can do it alone.
You can do it alone and you don't need anybody to help you.
And I really admire that about writing
and no other creative work.
If that's what's helping you sleep at night.
Hey, Prime members,
you can listen to Scamfluencers,
add free on Amazon Music.
Download the Amazon Music app today.
Or you can listen add free
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Before you go, tell us about yourself by completing a short survey at
Wondery.com slash survey.
This is Rebecca the Musical, a real showstopper.
I'm Sachi Cole.
And I'm Sarah Hagie.
If you have a tip for us on a story that you think we should cover,
please email us at scamfluencersatwondery.com.
We use many sources in our research.
A few that were particularly helpful
were The Road to Manderley by David Kamm
for Vanity Fair and the reporting of Patrick Healy
for The New York Times,
and the reporting of Adam Hettrick,
Kenneth Jones, and others for Playbill.com.
Rachel Borders wrote this episode.
Additional writing by us, Saachi Cole and Sarah Hage.
Sarah Eni is our story editor and producer
and Eric Thurm is our story editor.
Fact-checking by Will Tavelin, sound design by Sam Aida.
Additional audio assistance provided by Adrian Tapia.
Our music supervisor is Scott Velazquez for Freeze Unsafe.
Our coordinating producer is Desi Blalock,
and our managing producer is Matt Gantt.
Janine Cornelow and Stephanie Jenz are our development producers.
Our associate producers are Charlotte Miller and Lexi Peary.
Our producers are John Reed, Yasmin Ward, and Kate Young.
Our senior producers are Ginny Bloom and Jen Swan.
Our executive producers are Jenny Lauer-Beckman,
Marshall Louis, and Erin O'Flaherty. For Wondery.
Academy is a new scripted podcast that follows Ava Richards, played by HBO's industries
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Bishop Gray is all coveted academic top ten, curated by the headmaster himself.
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But at what cost?
Academy takes you into the world of a cutthroat private school
where power, money, and sex collide
in a game of life and death. Binge all 10 episodes of Academy early and ad-free on Wondery Plus.
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