Actor Zach Avery Arrested In $227 Million Ponzi Scheme

Little-known actor Zachary Horwitz, who performs under the stage name Zach Avery, was arrested Tuesday in Los Angeles on charges that he ran a Ponzi scheme that defrauded investors out of $227 million, according to an affidavit filed in Los Angeles Superior Court. Horwitz, 34, was accused of fabricating emails from HBO and Netflix executives about fake film distribution deals in order to stave off demands for payments to investors, according to a criminal complaint filed Monday in Unites States District Court.