Small-time actor sentenced to 20 years for Ponzi scheme

Published



A low-level actor in Hollywood was sentenced to 20 years in prison Monday for running a Ponzi scheme that raised $650 million, according to the Department of Justice.

Zach Horwitz, or as he’s better known in Hollywood, Zach Avery, defrauded people of $650 million that investors believed would be used to claim the licensing rights of films from HBO and Netflix that would be distributed abroad.

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