UPDATE, 7:29 AM: Actor Zachary Horwitz has pleaded guilty in a Ponzi scheme that cost investors more than $227 million with fake promises of licensing rights to films by WarnerMedia-owned HBO and Netflix in Latin America.Horwitz, who has gone by the screen name “Zach Avery,” entered his plea to one count of securities fraud Monday in Los Angeles, the U.S.
Attorney’s Office for the Central District of California said in a statement. He faces up to 20 years in prison.Horwitz used some of the stolen money to buy a $6 million house in the Beverlywood area of Los Angeles and paid off more than $300,000 in credit card debt, prosecutors said.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.