AN ASPIRING Los Angeles actor reportedly got away with a $227 million ponzi scheme, duping investors by telling them of his successful film distribution company.
The FBI nabbed Zachary Horwitz, 34, an actor with a handful of roles under the name Zach Avery, for cheating investors out of hundreds of millions of dollars and using most of the funds for himself.
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Actor Zach Avery was arrested by the FBI for allegedly running a Ponzi schemeCredit: Splash
Horwitz would allegedly tell investors his company, 1inMM Capital LLC, had a licensing deal with Netflix, HBO and other companies.
On top of those claims, he told them his company distributed 52 films in South Africa, South America and Australia.