Explore everything about Zachary Horwitz known as Zach Avery is an American actor, known for participating in movies in this article as like Family, Net Worth, Parents, Wife, Children, Education, Movies, Biography , Hollywood Ponzi Scheme and much more
|Full Name||Zachary Horwitz|
|Birth ( Age )||December 5, 1986|
|Birth Place||Berkeley, CA|
|Profession||Actor and Businessman|
|Children||1 Jaxon Horwitz|
|Net Worth||$ 5 Million ( estimated)|
Zach Avery is an American actor, known for participating in movies like Fury , Curvature , Farming , The White Crow and Last Moment of Clarity (2020), also as short films like Shifter and therefore the Laughing Man (2016). In April 2021 he was arrested on charges of defrauding investors of $227 million through a Ponzi scheme.
Personal Life : Avery was born in Berkeley, California. His parents split when he was 10 years old and moved from Tampa, Florida, to Fort Wayne , Indiana, where he lived together with his mother and step-father.He is currently married to his partner, Mallory, and his son Jaxon was born in 2018.
Career and films : Avery’s first acting role (outside of theater) was within the short film Shifter, performing as a soldier named “Striker”.He kept on participating in films by the Hallivis brothers: The Laughing Man in 2016 and his first feature , Curvature, in 2017.
In 2018, Avery was a part of major films like Farming, White Crow and Hell is Where the house Is. His upcoming films Last Moment of Clarity,Shookum Hills and you are not Alone are currently in post-production stage and can be premiered in 2019.
Zachary Horwitz Arrested Over Alleged $690 Million Hollywood Ponzi Scheme : American actor Zach Avery was arrested by FBI agents in l. a. on Tuesday for allegedly masterminding a Ponzi scheme that defrauded investors of many many dollars, US authorities said.Avery, whose real name is Zachary Horwitz, told investors his company 1inMM Capital would buy film distribution rights and license them to Netflix and HBO but actually had “no account with either company”, consistent with the Securities and Exchange Commission.
Instead, the 34-year-old operated the corporate as a Ponzi scheme, using money from new investors to pay older ones, the US Attorney’s Office for the Central District of California said during a statement.
The SEC said his scheme had raised quite $690 million. The Department of Justice said it began in 2015 which $227 million put in by victims was yet to be repaid.Horwitz, described by the l. a. Times as “a small-time actor”, did not find success as an actor. He starred within the critically panned 2020 film “Last Moment of Clarity”.He allegedly used money from the scheme to fund a lavish lifestyle, which authorities said included trips to Las Vegas , buying a house worth $6 million, and paying a star designer .
Authorities said the scheme had started in 2015, which Horwitz and 1inMM promised victims returns of quite 35 percent.To establish his legitimacy, “Horwitz provided investors with fake license agreements, also as fake distribution agreements with Netflix and HBO, all of which contained forged or fictional signatures,” the US Attorney’s Office said.Horwitz has been charged with wire fraud, and will confront to twenty years in prison if convicted.