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Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme

The DOJ said in a news release that the actor "raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad."

Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme

The DOJ said in a news release that the actor "raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad."

Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme

The DOJ said in a news release that the actor "raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad."

Actor Zach Avery Gets 20 Years in Prison for $650 Million Ponzi Scheme

Actor Zach Avery, who has had a handful of minor roles in Hollywood, has been sentenced to 20 years in prison after being convicted of running a multimillion-dollar Ponzi scheme involving phony movie distribution deals.

Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme

The DOJ said in a news release that the actor "raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad."

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