(1) Tell people a bunch of lies that they should easily be able to check.
(2) Sit back and watch as they continue to invest in you without doing any research.
(3) Profit!!!
Well, it works for the Democratic Party. I don’t know why they steal underwear, though.
LA Actor Accused of Running $227 Million Ponzi Scheme
New York Post | April 6, 2021 | Kenneth GargerA little-known Los Angeles-based actor was reportedly arrested by the FBI on Tuesday for allegedly running an enormous Ponzi scheme where he duped investors by lying about the success of his film distribution company.
Zachary Horwitz, 34, who has had roles in small films under the name Zach Avery, is accused of cheating investors out of $227 million and using most of the funds for himself, The Los Angeles Times reported, citing federal authorities.
Horwitz allegedly enticed the investors by falsely claiming his company, 1inMM Capital LLC, had film licensing deals with Netflix, HBO and other platforms, the newspaper reported.
He also told investors his company distributed 52 films in South America, Africa and Australia, according to court records obtained by the paper, and gifted his funders bottles of pricey Johnny Walker Blue Label scotch.
Aha — are we homing in on the moment that they wrote those checks?
Maybe the films identified as made and distributed. You ever think of that you oppressor!
“We’re in development hell right now, but just be patient…”
Can you tell me the names of the investors please? I know how to get their money back with this one weird trick.
He used most of the funds for himself, The Los Angeles Times reported, citing federal authorities. If it would have been me I’d have used all of the funds on myself and I would have sent my investors nothing better than a bottle of Passport Scotch.