El actor estadounidense Zachary Joseph Horwitz, more known as Zach Avery, fue detenido bajo accusations of committing a fraud of 227 million of dollars traversed by a pyramid scheme, this March the fiscal office for the Central District of California announced on its web page.
In agreement with the denunciation, Horwitz, 34 years old, invited to invest in his company, 1inMM Capital LLC, which, according to him, uses the funds to buy the rights of the parties for its distribution in the exterior, particularly in the Latin American market, with the help of online platforms like Netflix and HBO. Private equity firms are transferring $ 227 million to 1inMM Capital LLC.
Sondeverbod, created a ‘Ponzi scheme’, using the money of the victims to pay the previous investors. Asimismo, destino part of these resources to finance his style of life, including the purchase of a luxury residence in Los Angeles for a value of 6 million dollars.
The investors are expected to bid in 2019, despite the fact that 1inMM Capital is filling up with the payers on various occasions. However, in order to convene and extend the staffing plan, Horwitz proportions will be made in addition to data provided by Netflix and HBO, revealing the inverted correspondence of platforms.
The actor is currently hosting a custodian and the next audience in his case will be holding the next May 13th. If he is found guilty, he will have to pay a fine of up to 20 years’ imprisonment.
Avery fundo 1inMM Capital LLC, condemned in Los Angeles, in 2013, granted the distribution of films in English to Latin American markets and traverses of associations with HBO and Netflix, informs the agency of criminal research of the Department of Justice of the EUEU.
In 2015, presumably sent to the inverted bottlers of Johnny Walker whiskey, together with an annual report that the company said it had “acquired and distributed with a total of 49 chips through 1inMM Capital without incurring a single loss in the process”.
Also – according to the Los Angeles Times diary – the company has expanded its association with Netflix and HBO to distribute movies in Australia and New Zealand.