Actor Zachary Horwitz Arrested For Film Rights Ponzi Scheme - Deadline
The FBI and SEC allege that Horwitz ran a Ponzi scheme through his company, 1inMM, which defrauded investors of $227 million.Allegedly, Horwitz told investors that his company invested in film rights, subsequently reselling these rights to distributors like Netflix and HBO.He is said to have sold people on his scheme by showing them fake licensing and distribution agreements, featuring forged signatures.