Former Kiddar Capital CEO Todd Hitt pleaded guilty to orchestrating eight counts of securities fraud that ultimately cost investors $20 million, according to a plea deal announced Wednesday by the Department of Justice.
Hitt, 54, faces a maximum penalty of 20 years in prison and a fine of $5 million or twice the gross gain or loss, whichever is greater, though DOJ noted in a news release that actual sentences are typically less than the maximum. He is scheduled to be sentenced in federal court in…
