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Actor Zach Avery is arrested for masterminding $690 million Hollywood Ponzi scheme and forging Netflix and HBO licensing deals to fool investors



Actor Zach Avery, 34, whose real name is Zachary J. Horwitz, was taken into custody and charged with wire fraud over the Ponzi scheme related to his company 1inMM Capital LLC.

He is accused of raising more than $690 million over five years after falsely claiming to investors that he had movie licensing deals with huge companies, including HBO and Netflix, according to a Securities and Exchange Commission complaint.

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www.dailymail.co.uk   
04-07-21