Small-time actor Zachary Horwitz linked to big-time Ponzi scheme, SEC says
Fox News
Small-time actor Zach Avery has been arrested for allegedly participating in a Ponzi scheme involving falsely selling film rights to Netflix and HBO.
The SEC said it "obtained an asset freeze and other emergency relief in an emergency enforcement action against Los Angeles-based actor Zachary Horwitz and his company, 1inMM (one in a million) Capital, LLC in connection with an alleged Ponzi scheme that raised over $690 million," said the statement. Horwitz, 34, and 1inMM have been accused of telling investors they were purchasing film rights, purportedly to resell them to Netflix or HBO. The actor and company reportedly have no connection to either entertainment platform.
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