What movies did Zachary Horwitz appear in?
ASPIRING actor Zachary Horwitz was arrested by the FBI and accused of running a Ponzi scheme where he scammed investors out of over $200million. According to the FBI, the California native reportedly duped investors out of millions of dollars by telling them about his successful film distribution company. Who is Zachary Horwitz and what films […]
ASPIRING actor Zachary Horwitz was arrested by the FBI and accused of running a Ponzi scheme where he scammed investors out of over $200million.
According to the FBI, the California native reportedly duped investors out of millions of dollars by telling them about his successful film distribution company.
Who is Zachary Horwitz and what films has he appeared in?
Horwitz, 34 – also known by his actor name Zach Avery – is an American actor from Berkeley, California.
Horwitz is known for his roles in films such as Fury, Curvature, Farming, The White Crow and Last Moment Of Clarity.
The 34-year-old also appeared in the short films Shifter and The Laughing Man.
He is married to his partner Mallory, and has a son Jaxon, who was born in 2018.
Why was he arrested?
The FBI nabbed Horwitz for cheating investors out of hundreds of millions of dollars and using most of the funds for himself.
Horwitz would allegedly tell investors his company, 1inMM Capital LLC, had a licensing deal with Netflix, HBO and other top media companies.
On top of those claims, he told them his company distributed 52 films in South Africa, South America, and Australia.
FBI agent John Verrastro gave a sworn statement in Los Angeles federal court on April 6 depicting Horwitz’s brazen acts, reported the Los Angeles Times.
He would reportedly gift his bankrollers expensive bottles of Johnny Walker Blue Label scotch attached with his company’s 2015 annual report highlighting the films distributed by his company.
Among those films include the 2012 flick The Lords of Salem, and the 1989 movie Kickboxer, starring Jean-Claude Van Damme.
According to the FBI, the investors gave him six-month and one-year promissory notes that were each supposed to go towards acquiring the rights to a specific film.
He allegedly doctored fake contracts signed by fictional HBO or Netflix executives, which made it look like he was doing business with the streaming platforms.
Investors were promised returns as high as 40 percent a year.
Instead, he used their funds for personal use, spending some of the dough in 2018 on a fancy $6.5million six-bedroom Beverlywood mansion with a pool, wine cellar and gym.
However, Horwitz’s luck ran out when he began defaulting on 160 payments to them since 2019, ultimately owing them close to $230million.
What was Horwitz charged with?
Horwitz was arrested on April 5 and was charged with federal wire fraud.
During his arraignment on April 6, Judge Jean P Rosenbluth expressed concern that he was a flight target.
“There is a lot of money, quote unquote, missing here,” Rosenbluth said, before agreeing to set his bond for release.
He was released on $1million bond after his April 6 arraignment.
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The actor pleaded guilty and was sentenced to 20 years in prison by a US District Court judge.
He was also ordered to pay approximately $230million in restitutions to the people and companies he defrauded.
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