Zachary Horwitz Zach Avery Netflix Hollywood film If licensing Zachary Horwitz Zach Avery

Netflix & HBO Scammer Arrested By Feds In $227M Film Licensing Ponzi Scheme; Faces 20 Years Behind Bars If Guilty

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deadline.com

In a real-life scheme that could easily make up the plot of a network procedural or streaming limited series, HBO and Netflix helped the feds bring to justice a Hollywood wannabe who scammed investors out of hundreds of millions of dollars.Zachary Horwitz, who has gone by the screen name “Zach Avery,” was taken into custody by the FBI yesterday on criminal charges of allegedly defaulting on more than $227 million from backers who thought they were going to cash in with licensing right to films by the WarnerMedia-owned cabler and the streamer in Latin America.“In reality, neither HORWITZ nor 1inMM Capital ever engaged in email correspondence with Netflix or HBO, nor did HORWITZ or 1inMM Capital ever have any business relationship with

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