Skip to comments.LA Actor Accused of Running $227 Million Ponzi Scheme
Posted on 04/07/2021 4:41:04 AM PDT by nickcarraway
A little-known Los Angeles-based actor was reportedly arrested by the FBI on Tuesday for allegedly running an enormous Ponzi scheme where he duped investors by lying about the success of his film distribution company.
Zachary Horwitz, 34, who has had roles in small films under the name Zach Avery, is accused of cheating investors out of $227 million and using most of the funds for himself, The Los Angeles Times reported, citing federal authorities.
Horwitz allegedly enticed the investors by falsely claiming his company, 1inMM Capital LLC, had film licensing deals with Netflix, HBO and other platforms, the newspaper reported.
(Excerpt) Read more at nypost.com ...
IMBD claims he was in a doctoral program at the Chicago school of professional psychology which sounds like a great training ground for running a Ponzi scheme
Remember....actors like lawyers are professional liars.
Couldn’t happen to a better bunch of Commies.
I'm not greedy (much...).
Next, on American Greed...
This could make an interesting movie about a movie about a movie about....
Right now, someone is writing the screenplay for this to be a movie on Netflix.
The plot is similar to “Get Shorty”
This guy was way to greedy and should have hit the high road a long time ago to a no-extradition country.
This guy deserves an academy award.
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