• SEC charges Hollywood actor with operating a $690 million Ponzi scheme based on fake Netflix deals

    5 days ago - By Business Insider

    Summary List Placement The US Securities and Exchange Commission obtained an asset freeze against LA-based actor Zachary Horwitz in connection with an alleged Ponzi scheme that raised over $690 million.
    The US regulator said in a Tuesday statement that Horwitz-who goes by the screen name Zach Avery-allegedly lied to investors that he and his company were buying film rights and reselling them to Netflix and HBO. In reality, his company had no business relationship with the entertainment giants and relied on fake emails to fool investors.
    According to the SEC statement, Horowitz and his...
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  • SEC charges Hollywood actor with operating a $690 million Ponzi scheme based on fake Netflix deals

    SEC charges Hollywood actor with operating a $690 million Ponzi scheme based on fake Netflix deals

    5 days ago - By Business Insider

    Summary List Placement The US Securities and Exchange Commission obtained an asset freeze against LA-based actor Zachary Horwitz in connection with an alleged Ponzi scheme that raised over $690 million.
    The US regulator said in a Tuesday statement that Horwitz-who goes by the screen name Zach Avery-allegedly lied to investors that he and his company were buying film rights and reselling them to Netflix and HBO. In reality, his company had no business relationship with the entertainment giants and relied on fake emails to fool investors.
    According to the SEC statement, Horowitz and his...
    Read more ...

     

  • Matt Gaetz is using sex-trafficking allegations to raise money, asking for donations to 'fight back against the fake news'

    Matt Gaetz is using sex-trafficking allegations to raise money, asking for donations to 'fight back against the fake news'

    5 days ago - By Business Insider

    Summary List Placement Rep. Matt Gaetz of Florida is trying to capitalize on his sex-trafficking investigation by complaining about the inquiry to raise money.
    Last week, The New York Times reported that the GOP representative was under investigation for possibly having sex with a 17-year-old girl and paying for her travel, which could be a violation fo sex-trafficking laws.
    Gaetz has confirmed the existence of the DOJ investigation but denied the allegations, giving several interviews where he said the false accusations were part of an extortion attempt. One of the men Gaetz accused of...
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