
Hollywood actor sentenced to 20 years for mutli-million dollar Ponzi scheme
CNN
Zachary Horwitz, a small-time actor who admitted to operating a multi-million dollar Ponzi scheme, was sentenced to 20 years in federal prison on Monday.
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."
HBO, like CNN, is part of WarnerMedia.
More Related News