Headline Details

Hollywood actor charged with fraud in alleged multimillion dollar Ponzi scheme, court documents show

Published on: Wed, 07 Apr 2021 22:41:58 UTC
News Agency: CNN
Description:
It reads a bit like the plot of a bizarre Hollywood-centric screenplay: Small-time actor Zachary Horwitz was arrested Tuesday for allegedly running a multi-million dollar Ponzi scheme that involved raising funds from investors who thought their money was being used to buy and license film rights, according to a statement from the Justice Department.

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