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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.
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 ...
“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 ...
In 2005, the year the Ponzi scheme allegedly began, Villegas earned $80,000 a year. In 2007, her salary had increased to $145,000. Villegas received two Swiss watches — a Rolex and a Breitling — from her "employer". Rothstein paid off her couch and a bedroom set and held title to her two Honda water scooters. Villegas was living in a ...
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]
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 …
Mutual Benefits Corporation was a Ft. Lauderdale, Florida based investment sales company that operated a huge ponzi scheme selling viatical settlements, with investors losing an estimated $835 million. The principal ring leader of the scam was Joel Steinger.