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Apr 6 - no name los angeles actor....ran $227 million ponzi scheme



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 1 week ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x61
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Apr 6 - no name los angeles actor....ran $227 million ponzi scheme
 

 
visit this link https://nypost.com/2021/0 .. -ponzi-scheme/


image


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


image He also told investors his company distributed 52 films in South America, Africa and Australia, according to court records obtained by the paper, and gifted his funders bottles of pricey Johnny Walker Blue Label scotch.

The actor owes investors roughly $227 million — defaulting on 160 payments to them since 2019, the report said, citing the FBI


He is charged with wire fraud. At his Tuesday arraignment, Horwitz was released on $1 million bond
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 1 week ago '16        #2
00010111  topics gone triple plat - Number 1 spot x4
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Horwitz?
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 1 week ago '18        #3
Sick Flair 
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Horwitz


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 1 week ago '06        #4
imthatinfamous 
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I have a friend who spent 15 years in LA in the Hollywood industry...I can see how something like this can happen...the industry is filled with the "$40K millionaires."
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 1 week ago '17        #5
StanlitoTheFly  topics gone triple plat - Number 1 spot x39
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Horwitz

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 1 week ago '18        #6
Signor  topics gone triple plat - Number 1 spot x44
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Horwitz⁉️


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 1 week ago '15        #7
naledgestate 
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Horwitz?



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 1 week ago '04        #8
nwking  topics gone triple plat - Number 1 spot x2
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 1 week ago '18        #9
antisocial100 
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His last name is why they believed him
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 1 week ago '16        #10
Vizier 
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According to the FBI and SEC, that's what Zachary Horwitz allegedly did, as part of a Ponzi scheme that the SEC claims raised over $690 million.
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 1 week ago '05        #11
nukchristo 
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The same investors will invest in a movie about the man and release on Netflix
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 1 week ago '04        #12
ddash 
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 antisocial100 said
His last name is why they believed him
they gotta hold that L then

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 1 week ago '08        #13
RokkyRok 
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 imthatinfamous said
I have a friend who spent 15 years in LA in the Hollywood industry...I can see how something like this can happen...the industry is filled with the "$40K millionaires."
Very real, lots of mfs living in teslas. The land of wishful thinking.
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 1 week ago '16        #14
Proveone  topics gone triple plat - Number 1 spot x4
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 antisocial100 said
His last name is why they believed him


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