: Like any classic Ponzi scheme, he used money from new investors to pay back earlier ones, creating an illusion of profitability. ⚖️ The Fallout
The scheme eventually collapsed when Horwitz could no longer make payments. The legal and personal consequences were severe: [S16E16] Streaming and Scheming
The episode details the rise and fall of (known professionally as Zach Avery ), a struggling B-movie actor who orchestrated a $690 million Ponzi scheme in Hollywood. 🎬 The "Performance" of a Lifetime : Like any classic Ponzi scheme, he used
: On the day of his arrest, his wife filed for divorce. : Like any classic Ponzi scheme
: In February 2022, Horwitz was sentenced to 20 years in federal prison.