Search results
Results From The WOW.Com Content Network
Zachary Joseph Horwitz (born December 5, 1986 [2]), also known by his stage name Zach Avery, is an American former actor and producer. In 2021, he pled guilty to securities fraud for his role in defrauding investors of $227 million through a Ponzi scheme and, as a result, was sentenced to twenty years in prison in 2022.
Horowitz, who was sentenced to 20 years, pleaded guilty in October to a federal securities fraud charge and admitted to running the Ponzi scheme. The 35-year-old crook must also pay $230 million ...
Zach Horwitz, an actor with the stage name “Zach Avery,” has been indicted for a Ponzi scheme. In reality, there were no such deals, according to prosecutors.
Ponzi schemes sometimes begin as legitimate investment vehicles, such as hedge funds that can easily degenerate into a Ponzi-type scheme if they unexpectedly lose money or fail to legitimately earn the returns expected. The operators fabricate false returns or produce fraudulent audit reports instead of admitting their failure to meet ...
It’s the central question of “Bad Actor: A Hollywood Ponzi Scheme,” a documentary that premieres this week at Tribeca Festival and details aspiring movie star Zach Avery (aka …
In May 2012, Joseph Blimline was sentenced to 20 years in federal prison for operating two oil and gas Ponzi schemes. He operated a Ponzi scheme from 2003 to 2005 in Michigan, netting over $28 million. He then operated a Ponzi scheme in Texas, using a company called Provident Royalties, that lasted from 2006 to 2009 and netted over $400 million ...
“Bad Actor: A Hollywood Ponzi Scheme” centers on an immensely interesting subject — financial fraudster and D-List actor Zach Horowitz, a.k.a. Zach Avery — but ends up telling his tale in ...
Double Shah's Ponzi Scheme was at its peak when it was exposed by The Nation (Pakistan), a Lahore daily newspaper in an investigative piece published on the front page on April 6, 2007. [1] Double Shah was arrested by the Gakkhar town police on 13 April 2007 from his Nizamabad house on charges of Rs. 30,000 robbery.