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deadline.com

15.02.2022 / 05:37

Actor Who Pleaded Guilty In Hollywood Film Licensing Ponzi Scheme Gets 20-Year Sentence

UPDATED with sentencing: Zachary Horwitz, the Hollywood actor who pleaded guilty last fall for operating a Ponzi scheme that bilked $650 million from investors who thought their money would be used to acquire licensing rights to films, was sentenced to 20 years in prison Monday.

U.S.District Zachary Horwitz Zach Avery Hollywood California Netflix Hollywood film licensing

deadline.com

07.04.2021 / 20:28

Netflix & HBO Scammer Arrested By Feds In $227M Film Licensing Ponzi Scheme; Faces 20 Years Behind Bars If Guilty

In a real-life scheme that could easily make up the plot of a network procedural or streaming limited series, HBO and Netflix helped the feds bring to justice a Hollywood wannabe who scammed investors out of hundreds of millions of dollars.

Zachary Horwitz Zach Avery Netflix Hollywood film If licensing

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