An aspiring actor who ran a movie deal scam that bilked investors out of at least $650 million has been sentenced to 20 years in federal prison. Zachary Horwitz.
Actor Zachary Horwitz, 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.
Zachary Horwitz promised healthy returns on investments, but was running a giant ponzi scheme and using the cash to fund a lavish lifestyleLos Angeles (AFP) - 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.
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.