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Actor arrested in alleged $227M Ponzi scheme, faces federal charges – Tampa, Florida

Tampa, Florida 2021-04-07 13:20:16 –

The actor was arrested this week and faces federal accusations of implementing a large-scale Ponzi scheme that tricked investors from $ 227 million. Multiple Report.

The proceedings allege that Zackley Howitz, who starred in a minor movie and television show under the name Zack Avery, called on his company, 1inMM Capital LLC, to invest. As a result, Howitz argued that: Rights to online platforms such as Netflix and HBO. “

According to criminal accusations, Mr. Howitz told investors that the rights his company wanted to buy were for movies that the streaming company had agreed to distribute abroad.

Prosecutors say the plan began in 2015.

Horwitz allegedly provided fake license agreements and fake distribution agreements to nominate Netflix and HBO. Los Angeles TimesShe told investors she has a “strategic partnership” with a media company.

Investors reportedly began complaining in 2019 when 1inMM Capital defaulted to notes by default. Investigators said in a criminal accusation that Howitz sent investors fake communications from Netflix and HBO explaining why the money wasn’t available.

Netflix and HBO have told investigators that they have refused to do business with Horwitz.

Horwitz will appear in court on Tuesday, face prosecution, and will return to court in mid-May.



Actor arrested in alleged $227M Ponzi scheme, faces federal charges Source link Actor arrested in alleged $227M Ponzi scheme, faces federal charges

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