Ex-East Hampton budget officer admits lying about budget
Quick ReadTed Hults pleaded guilty to charges he looted the town's community preservation fund and lied about the budget status to sell town-backed securities.
Photo credit: Photo by James Carbone | Former East Hampton town budget director, Theodore Hults, at Riverhead Criminal Court where he was arraigned on charges of false town finances. (June 21, 2010)
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Bringing a two-year-long investigation into East Hampton's budget mess to an apparent close, former budget chief Ted Hults on Monday admitted in a Riverhead court that he tried to close the town's budget deficit by looting a fund to preserve open space and lying to potential bond buyers about the town's financial condition.
Hults, 53, of Sag Harbor, was the only East Hampton official to be...
