Federal prosecutors said that a low-cost film actor was arrested on suspicion of committing a $227 million Ponzi scheme to trick investors into making fake film license transactions.
According to a statement by the U.S. Attorney’s Office, Zachary Joseph Horwitz, whose online name is Zach Avery (Zach Avery), has been charged with wire fraud. According to this law, the highest Can be sentenced to 20 years in prison. It is not yet known whether Horvitz has a lawyer.
Prosecutors said that Horwitz, now 34, told investors that their money will be used to purchase movie distribution rights, which will then be licensed to platforms such as HBO and Netflix.
But the prosecutor said that Horvitz allegedly did not use the funds for distribution transactions, but instead ran his company 1
The affidavit stated that representatives of Netflix and HBO denied that their companies were engaged in any business with Horwitz.
Horwitz was originally scheduled to be arraigned on May 13.
Horwitz’s credit as an actor includes low-budget performances such as “Intruder”, “Devil below” and “Last Hour.”
The latter is characterized by Avery (Avery) as a drifter in Paris, who believes that the actress he sees in the film may be his dead girlfriend. One critic wrote that he “takes a pretty good lead.” The movie also starred Samara Weaving and Brian Cox.
This is a trailer for the movie, which was reportedly released digitally in May 2020:
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