Netflix actor arrests

Actor Zach Avery Arrested for Allegedly Running $227 Million Hollywood Movie Ponzi Scheme

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etonline.com

U.S. Attorney’s Office press release, the 34-year-old actor was taken into custody by the FBI after allegedly running a multi-million dollar Hollywood ponzi scheme.

ET has reached out to Avery's rep for comment.The Attorney's Office press release states that the criminal complaint against Avery alleges that victims put $227 million (which has yet to be repaid) «into a scheme based on false claims their money would be used to acquire licensing rights to films that HBO and Netflix had agreed to distribute abroad, particularly in Latin America.»The criminal complaint filed Monday charged Avery with wire fraud, a crime that carries a statutory maximum penalty of 20 years in prison.Per the affidavit cited in the U.S.

Read more on etonline.com
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