LA Actor Zachary Horwitz Arrested In $227M Ponzi Scheme

LOS ANGELES (CBSLA) – A 34-year-old Los Angeles actor has been arrested, accused of bilking investors out of a staggering $227 million in an elaborate movie-related Ponzi scheme.
Zachary Joseph Horwitz of Beverlywood — who went by the screen name Zach Avery — was arrested Monday by the FBI on allegations that he convinced several investment firms to give him nearly a quarter-billion dollars over five years that he falsely claimed was being used to acquire global licensing right