An almost unknown actor from Los Angeles he may not have succeeded on the board or the cloth, but he found his inclination to deceive people.
According to the FBI, which arrested him on Tuesday, 34-year-old Zachary Horwitz managed to build a huge “pyramid”, with which he deceived investors by making them believe that the small film distribution company he maintained was very successful.
Horwitz owns a few movie rolls, called Zach Avery, and he just stepped on his Hollywood fame to set up combination and eat $ 227 million, which he used to live royally, staying in a $ 6.5 million villa.
According to the Los Angeles Times, citing federal sources, Horwitz tempted investors by falsely claiming that his company (1inMM Capital LLC) had contracts with the Netflix, HBO and other well-known streaming platforms.
He said he had secured distribution rights for 52 films in Latin America, Africa and Australia. In fact, to convince them of his good financial situation, he gave every investor a very expensive bottle of Johnny Walker Blue Label whiskey.
According to court documents, the actor “ate” 227 million dollars from his victims and in fact in a period that began in 2019.
He was charged and released on $ 1 million bail…
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