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SEC Accuses Actor of $690 Million Fraud Based on Fake Netflix Deal

SEC Accuses Actor of $690 Million Fraud Based on Fake Netflix Deal
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United statesLos angelesZachary horwitzLas vegasZach averyExchange commissionTmm capitalUs justice departmentNetflix incஒன்றுபட்டது மாநிலங்களில்லாஸ் ஏஞ்சல்ஸ்சக்கரி ஹார்விட்ஸ்லாஸ் வேகாஸ்ஸ்யாக் காவேரிபரிமாற்றம் தரகுமிமீ மூலதனம்

Hollywood Actor Zach Avery Arrested for Allegedly

Hollywood Actor Zach Avery Arrested for Allegedly
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Actor Zach Avery Arrested for Allegedly Running Multi-Million Dollar Hollywood Movie Ponzi Scheme

Actor Zach Avery Arrested for Allegedly Running Multi-Million Dollar Hollywood Movie Ponzi Scheme People 5 hrs ago © Provided by People Lionsgate//Shutterstock Actor Zachary J. Horwitz, best known under his stage name Zach Avery, was arrested Tuesday in Los Angeles in connection with a massive Hollywood Ponzi scheme, which federal authorities allege defrauded investors out of more than $227 million. Avery is accused of fabricating licensing deals with Netflix, HBO, as well as other platforms, in order to secure funding for his film distribution company, 1inMM Capital LLC, according to the FBI. Avery s lawyer and publicist did not immediately respond to PEOPLe s request for comment.

United statesNew zealandLos angelesLionsgate shutterstockHollywood ponziZacharyj horwitzLionsgate shutterstock averyZach averyJohn verrastroAlexander schwabLos angeles timesTmm capitalLa timesUs attorney officeLos angeles basedLatin american

FBI Says Actor Was Behind $227 Million Ponzi Scheme

Image via Getty/IronHeart On Tuesday, Zachary Horwitz, a small-time actor, was arrested in Los Angeles for his alleged involvement in a massive Ponzi scheme, according to The LA Times. Authorities say that the 34-year-old Horwitz defrauded investors out of $227 million by peddling fake licensing deals with HBO, Netflix, and others. Horwitz has appeared in films using the name Zach Avery, and has credits that date back more than a decade. He’s accused of fabricating emails from HBO and Netflix executives that touted sham distribution agreements so that he could acquire money to hold off investors who were demanding payment.

John verrastroLos angelesZachary horwitzJean claude van dammeZach averyTmm capitalLa timesJohnny walker blue labelலாஸ் ஏஞ்சல்ஸ்சக்கரி ஹார்விட்ஸ்ஜீன் கிளாட் வேன் அணைஸ்யாக் காவேரிமிமீ மூலதனம்லா முறைஜானி வாக்கர் நீலம் லேபிள்

Small-time actor ran $690 million Ponzi scheme, feds say

Small-time actor ran $690 million Ponzi scheme, feds say
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United statesZachary horwitzA los angelesLos angeleZach averyExchange commissionTmm capitalJustice departmentHis ponziLos angelesLatin americaஒன்றுபட்டது மாநிலங்களில்சக்கரி ஹார்விட்ஸ்லாஸ் ஏஞ்சல்ஸ்லாஸ் ஏஞ்சல்ஸ்யாக் காவேரி