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."
Zachary Horwitz has confirmed operating a multi-million dollar ponzi scheme. The actor was given a jail term sentence of 240 months (20 years) in the federal prison. Following the sentence, Horwitz is required to pay a compensation of more than $230 million. The Department of Justice made this known in a news release stating that […]