1 View

Actor Zach Avery Detained For Reputedly Running $227 Million Hollywood Film Ponzi Scheme

Actor Zachary J. Horwitz, known as Zach Avery, was apprehended in Los Angeles on Tuesday.
According to a U.S. Attorney’s Office press release, the 34-year-old actor was taken into custody by the FBI after purportedly running a multi-million dollar Hollywood ponzi scheme. ET has contacted Avery’s rep for comment.
The Attorney’s Office press release states that the criminal complaint against Avery alleges that victims put $227 million (which has yet to be repaid) “into a scheme based on false claims their money would be used to acquire licensing rights to films that HBO and Netflix had agreed to distribute abroad, particularly in Latin America.”
The criminal complaint filed Monday charged Avery with wire fraud, a crime that carries a statutory maximum penalty of 20 years in prison.
Per the affidavit cited in the U.S. Attorney’s Office press release, during about five ……

Read More

Trending Posts

Related Posts