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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.
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.
“Bad Actor: A Hollywood Ponzi Scheme” centers on an immensely interesting subject — financial fraudster and D-List actor Zach Horwitz, a.k.a. Zach Avery — but ends up telling his tale in ...
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 ...
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 ...
Download QR code; Print/export ... Zach Avery; Mehmet Aydın (born 1991) B. Bar Works; Bayou Hedge Fund Group; ... MMM (Ponzi scheme company)
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 …
A matrix scheme (also known as a matrix sale or site, and as a hellevator, excavator or ladder scheme) is a business model involving the exchange of money for a certain product with a side bonus of being added to a waiting list for a product of greater value than the amount given. [1]