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Could someone explain the whole "Rebecca" mess on Broadway to me?

I would prefer to have it explained here then go wading through the thirty million Broadway threads. So it turns out that several of the investors never even existed. Why did this Mark Hotton guy make them all up? What was in it for him? Was it a thing like the plot of "The Producers," where if the show flopped he could write all the expenses off and never be held accountable? or does anyone even know what he hoped to get out of it? And will the musical ever be performed in NYC anyway? It's been a big hit all over Europe, and the plot of the novel seems perfect for a musical.

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