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news Hollywood actor arrested over $690m Ponzi scheme © Alamy Zachary Horwitz, also known as Zach Avery, is yet to play a major role in a Hollywood film An aspiring Hollywood actor has been accused of scamming millions from film investors by tricking them with fake Netflix deals to fund a lavish lifestyle. Zachary Horwitz, 34, was arrested on Tuesday by FBI agents on suspicion of running a $690m (£502m) Ponzi scheme. Mr Horwitz, whose stage name is Zach Avery, allegedly raised funds from investors for film licensing deals with Netflix and HBO that did not exist. He was charged with wire fraud.

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