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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 ...
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 Horwitz) who ...
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 ...
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 ...
“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 ...
Charles Ponzi was born in Lugo, Emilia-Romagna, Kingdom of Italy on March 3, 1882.He told The New York Times he had come from a family in Parma.Ponzi's ancestors had been well-to-do, and his mother continued to use the title "donna", but the family had subsequently fallen upon difficult times and had little money. [3]