Hollywood actor Zach Horwitz, dubbed the 'midwestern, millennial Madoff,' has been involved in a massive Ponzi scheme, deceiving investors out of $690 million. Horwitz, who presented himself as a successful film distributor, claimed to have partnerships to license the foreign distribution rights to numerous films, including 'The Lords of Salem' and 'Kickboxer.' The FBI is currently involved in the investigation. The scheme, described as 'Hollywood’s biggest Ponzi scheme,' targeted friends and family, exploiting their trust. Amazon MGM Studios has acquired 'Hollywood Ending,' a documentary directed by Rebecca Chaiklin, which chronicles Horwitz's downfall. A studio executive commented on the nature of Hollywood, stating, 'People try to buy their way in, and what happens is they lose a lot of money and still get kicked to the curb,' as reported by the New Yorker.
“There was something about his eyes. He smelled good, his haircut was nice, he had a nice watch. He made you believe,” Zach Horwitz’s former publicist said of her client, who swindled over $690 million from hundreds of investors. https://t.co/AJaZoUfAVM
Ex-Beverly Hills lawyer admits to role in $9.5 mln crypto Ponzi scheme https://t.co/vftfwb46Nu https://t.co/2sVm45J32Y
Small-time actor Zachary Horwitz sought investors for his film distribution company. He said he had partnerships to license the foreign distribution rights to dozens of films, including horror movie “The Lords of Salem” and action film “Kickboxer.” https://t.co/qsdFgI9BtO