Zach Avery and The Biggest Ponzi Scheme You’ve Never Heard of
Sara and Danny catch up on the latest RHOSLC drama before diving into this week's story: aspiring actor-turned-scammer Zachary J Horowitz aka Zach Avery. Avery was charged with wire fraud when he used his company, 1inMM Capital LLC, to collect $650 million in fraudulent regional distribution agreements for various streaming platforms. SOURCES: https://ew.com/celebrity/zach-avery-20-years-in-prison-ponzi-scheme/ https://people.com/crime/actor-zach-avery-arrested-for-running-allegedly-multi-million-hollywood-movie-ponzi-scheme/ https://www.vice.com/en/article/3aq8v8/the-wildest-parts-of-d-list-actor-zach-averys-alleged-ponzi-scheme https://www.justice.gov/usao-cdca/pr/beverlywood-man-arrested-allegedly-bilking-investors-falsely-claiming-license-latin https://www.sec.gov/files/litigation/complaints/2021/comp-pr2021-58.pdf https://www.justice.gov/usao-cdca/pr/la-man-sentenced-20-years-federal-prison-650-million-ponzi-scheme-falsely-claimed Learn more about your ad choices. Visit megaphone.fm/adchoices