LA-Based Actor Charged With Running $227 Million Ponzi Scheme
TYLER DURDEN, 08 April 2021
Zachary Horwitz, a little known LA-based actor, has been arrested by the FBI this week and was charged with running “an enormous ponzi scheme” wherein he represented that he had a successful film distribution company.
The reality was that the actor – who has had some roles in small films – was cheating his investors out of $227 million and using most of the money to fund his own lifestyle, according to the NY Post. Horwitz also “used investor funds to pay in cash for a $5.7 million home in Los Angeles’s Beverlywood neighborhood,” the Wall Street Journal added. Continue reading “Article: LA-Based Actor Charged With Running $227 Million Ponzi Scheme”
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