Hollywood actor arrested in $227m ponzi scheme

Zachary Horwitz, 34, stage name Zach Avery, stars in low-budget genre thrillers. He is also, say prosecutors, the operator of a massive ponzi scheme that cheated 200 investors out of $227 million. The alleged hook was fictitious film deals with HBO and Netflix backed by his slim but factual Hollywood resume. — Read the rest

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Hollywood actor arrested in $227m ponzi scheme