Actor Zachary Horwitz has been arrested in connection with an alleged multimillion-dollar Ponzi scheme. The news was announced by the U.S.
Securities and Exchange Commission (SEC) on Tuesday. The SEC said it "obtained an asset freeze and other emergency relief in an emergency enforcement action against Los Angeles-based actor Zachary Horwitz and his company, 1inMM (one in a million) Capital, LLC in connection with an alleged Ponzi scheme that raised over $690 million," said the statement.
Horwitz, 34, and 1inMM have been accused of telling investors they were purchasing film rights, purportedly to resell them to Netflix or HBO.The actor and company reportedly have no connection to either entertainment platform.
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