Fairness Rocks News Actor to plead guilty in $650 million Hollywood Ponzi scheme involving fake HBO, Netflix deals


Fairness Rocks News Actor to plead guilty in $650 million Hollywood Ponzi scheme involving fake HBO, Netflix deals

Home Industry News Actor to plead guilty in $650 million Hollywood Ponzi scheme involving fake HBO, Netflix deals

Author: Elisha Fieldstadt

Date: September 9, 2021

Original Source: NBC News

Industry News

Actor to plead guilty in $650 million Hollywood Ponzi scheme involving fake HBO, Netflix deals

Actor Zachary Joseph Horwitz has agreed to plead guilty to running a massive Hollywood Ponzi scheme that promised nonexistent film rights to investors.

Horwitz will plead guilty to one count of securities fraud, according to a plea agreement filed in U.S. District Court for Central California this month. A hearing is scheduled for Oct. 4, said Thom Mrozek, the director of media relations for the U.S. Attorney’s Office for Central California.

Read More: https://www.nbcnews.com/news/us-news/actor-plead-guilty-650-million-hollywood-ponzi-scheme-involving-fake-n1278835