An actor, known as Zach Avery, who has had minor roles in a handful of films and shorts has been accused of running a multimillion-dollar Ponzi scheme involving phony movie distribution deals.
Zachary Joseph Horwitz, who has acted under the name is Zach Avery, was charged with fraud by the U.S. Attorney’s Office in Los Angeles after allegedly defrauding investors out of more than $227 million, according to the Hollywood Reporter.
Horwitz, who has fifteen acting credits to his name going back to 2009, could face 20 years in prison if convicted on all charges.
The 34-year-old actor reportedly told investors that their money would be invested to purchase film rights that he said would be sold to HBO, Netflix, and other services, studios, and producers. Horwitz launched 1inMM Capital LLC in 2013, claiming that the company would distribute British films to Latin American markets through distributing deals with