Actor Sentenced to 20 Years for $650M Ponzi Scheme Based on Phony Movie Licensing Deals With HBO, Ne (Law.comJason Granthttps://images.law.com/contrib/content/uploads/sites/292/2022/02/Netflix-4889-767×633.jpgEntertainment and Leisure/Criminal Law/Securities Litigation/California/Law.com)

Law.comJason Granthttps://images.law.com/contrib/content/uploads/sites/292/2022/02/Netflix-4889-767×633.jpgEntertainment and Leisure/Criminal Law/Securities Litigation/California / Law.com
Actor Sentenced to 20 Years for $650M Ponzi Scheme Based on Phony Movie Licensing Deals With HBO, Ne – The scheme orchestrated by Zachary Joseph Horwitz involved raising at least $650 million from more than 250 investors, many of whom were his friends, based on fake claims their money would be used to acquire distribution rights in primarily Latin American movies that then would be licensed to streaming services …

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