Hollywood Actor Sentenced To 20 Years For Ponzi Scheme

Zachary Horwitz, a small-time actor who pleaded guilty to operating a multimillion-dollar Ponzi scheme, was sentenced to 20 years in federal prison on Monday.

Horwitz — better known by “Zach Avery” — is known for acting on low budget films, including “Trespassers” and “The White Crow,”

He received 240 months sentence and is required to pay $230 million in restitution.

The Department of Justice said in a news release that Horowitz “raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad.”

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