Zachary Horwitz
An aspiring Los Angeles actor has been sentenced to 20 years prison for running a 650 million Ponzi. 14 2022 in Los Angeles CA.
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Actor Zachary Horwitz sentenced to 20 years in prison for Ponzi scheme.
. District Court on Monday Feb. Getty Images 35-year-old Zachary Horwitz a relatively unknown actor better known by his stage name Zach Avery was handed a sentence of 20 years in federal prison for operating a multimillion dollar Ponzi. Zach Avery or Zachary Joseph Horwitz played in Last Moment of Clarity Lionsgate.
A federal grand jury indicted Horwitz in May 2021 on five counts of securities fraud six counts of wire. SHOP WITH SCOUTED These Slip-On Hiking Shoes Work In Multiple. Zachary Horwitz who used the name Zach Avery in film credits bilked hundreds of investors who thought their money would finance distribution rights for movies that would run on HBO and Netflix.
Actor Zachary Horwitz center with his attorneys as he exits the US. Zachary Horwitz had parts in small films but duped investors into believing he was a Hollywood success story prosecutors said. Zachary Horwitz created fake contracts that he told investors were with OTT giants to trick them into handing over vast sums of money which he splurged on private flights top-of-the-range autos.
An American actor who swindled 650 million in a huge Hollywood ponzi scheme using it to finance a lavish lifestyle of yachts jets and fast cars was jailed Monday for 20 years.
Actor Zachary Horwitz Arrested Over Alleged 227 Million Hollywood Ponzi Scheme In 2021 In This Moment Last Moment Avery
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