Aspiring Hollywood actor Zach Avery aka Zachary Horwitz was sentenced to 20 years in prison on Monday, February 14, 2022, for his involvement in a million-dollar Ponzi scheme operated by his company 1inMM Capital.
According to the U.S Department of Justice, Central District of California, Avery defrauded several major investors and raised over $650 million, claiming that the money would be used to acquire licensing rights for films that would be distributed by Netflix and HBO in international countries.
However, the claims turned out to be false, and it was revealed that Zach Avery used the money to fund his own lavish lifestyle. As per latest court documents, U.S. District Judge Mark C. Scarsi also ordered the actor to pay $230 million in restitution.
Everything to know about Zach Avery
Zachary Horwitz, who goes by the on screen name Zach Avery, is an American actor. He was born on December 5, 1986, in Berkeley, California. His parents reportedly divorced when he was just 10 years and the actor later moved to Indiana to live with his mother and step-father.
The 35-year-old earned a bachelor’s degree in psychology from Indiana University and started working towards establishing a career in Hollywood. Avery made his on-screen debut with a role in the 2009 film G.E.D.
