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SEC shuts down mother-son 'supercomputer' operation finextra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finextra.com Daily Mail and Mail on Sunday newspapers.
SEC Obtains Restraining Order and Freeze on Alleged Offering Fraud that Raised $12 Million crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
The 2017 film “Bitter Harvest” would not, by many definitions, be considered a success. “It’s a bad sign when even the prayers in this movie are crappy,” observed one reviewer, who contributed to the film’s 15 percent critic rating on Rotten Tomatoes. It pulled in less than $600,000 in the United States. But that did not mean it did not still have moneymaking potential abroad. All investors needed to do was help buy the rights to distribute it and a number of other films in Latin America, Africa and New Zealand. Major distribution deals with HBO and Netflix were on the cusp of being formalized, they were told. Once those fell into place, the investors would get returns of at least 35 percent. ....
Hollywood actor charged with fraud in alleged multimillion dollar Ponzi scheme, court documents show It reads a bit like the plot of a bizarre Hollywood-centric screenplay: Small-time actor Zachary Horwitz was arrested Tuesday for allegedly running a multi-million dollar Ponzi scheme that involved raising funds from investors who thought their money was being used to buy and license film rights, according to a statement from the Justice Department. Horwitz allegedly misappropriated funds raised from investors for movie licensing deals, putting some of the money in his personal accounts and using the money instead for items like a luxury watch subscription and a nearly $700,000 payment to a celebrity interior designer, according to a complaint filed by the Securities and Exchange Commission. ....
The 2017 film ‘Bitter Harvest’ would not, by many definitions, be considered a success. “It’s a bad sign when even the prayers in this movie are crappy,” observed one reviewer, who contributed to the film’s 15 per cent critic rating on Rotten Tomatoes. It pulled in less than $600,000 (Dh2.2 million) in the United States. But that did not mean it did not still have moneymaking potential abroad. All investors needed to do was help buy the rights to distribute it and a number of other films in Latin America, Africa and New Zealand. Major distribution deals with HBO and Netflix were on the cusp of being formalised, they were told. Once those fell into place, the investors would get returns of at least 35 per cent. ....