Zachary Horwitz, also recognized as Zach Avery, is a Los Angeles-based actor and film investor arrested on Monday, April 5, on allegations of running a Ponzi scheme that defrauded at least 200 investors of $227 million.
Early Life and Education
Zachary Horwitz was born in Berkeley, California, on December 5, 1986. The actor, 34, is of American nationality and Caucasian ethnic origin.
Additionally, his parents split when he was ten years old, and he moved to Fort Wayne, Indiana, where he was raised with his mother and stepfather.
He was a psychology student. Additionally, he earned a bachelor’s degree from Indiana University.
After graduating from university, he enrolled in the Chicago School of Professional Psychology’s Ph.D. program.
Age, Height, Weight & Body Measurement
Horwitz will be 36 years old inDecember 2022. Horwitz was born in Berkeley, California, on December 5, 1986. Every year on December 5, he celebrates his birthday. Zachary is 1.82 meters (6 feet 1 inch) tall and weighs 82 kilos (180 lbs). His hair is dark brown, and his eyes are grey.
Zachary Horwitz made his feature film debut with G.E.D. in 2009. He appeared in various films but went unrecognized for most of the years. In 2014, he starred in Fury, which was likewise uncredited to him.
Horwitz later starred in “Hell is where the heart is” and had a brief role in one of Rudolf Nureyev’s bios, “The White Crow.” In 2020, he played opposite Brian Cox, Samara Weaving, and Carly Chaikin in the film “Last Moment of Clarity.”
He co-founded 1inMM productions with the Hallivis Brothers in 2013. The production was tasked with creating films, acquiring content, and distributing it to a broad audience. Additionally, he co-founded “One Key Entertainment.”
Zachary acknowledged forging HBO and Netflix deals as part of a $650 million Ponzi scam. It is one of the largest frauds in Hollywood history, and Zachary has been sentenced to 20 years in jail beginning on Monday, February 14, 2022. Zachary, now 35 years old, was sentenced by United States District Judge Mark C.
Scarsi to pay $230 million in reparations to over 250 victims. He has damaged the items financially, which the prosecutors described as a crime of “Staggering Magnitude.” Zachary was convicted of misleading, making poor judgments, and attempting to shatter the film industry’s record.
He accepted all of the deceptions and expressed regret for his actions. He apologized for the investors’ enormous sorrow and suffering.
On the other side, Zachary’s counsel argued that he was not mentally stable and should be allowed to spend time with his two little boys while forcing them to grow up. However, judge Scarsi stated that it was striking, which neither Zachary nor the counsel responded to or explained.
He is Mallory’s spouse, and he is on the verge of a relationship. Mallory most likely stole Zachery’s surname arrogantly after the two shared a pledge.
Additionally, they are blessed parents. The couple has a son, Jaxon, who was born in 2018.
Not only that, Mallory is Zachery’s biggest supporter since she has stood with him through his ups and downs. Zachery’s wife works at Ken Paves Salon as a hairdresser.
Zachary Horwitz Net Worth, Salary & Earnings in 2022
The primary reason Horwitz is garnering so much media attention at the moment is financial. Not money gained via his job, but hundreds of millions obtained fraudulently through a Ponzi scam allegedly disguised as a movie license company named 1inMM Capital L.L.C.
Without the plan, Horwitz’s true net worth was allegedly approximately $4 million. According to a public announcement by the Horwitz transferred substantial sums of money he defrauded investors to personal accounts to fund frivolous buying such as a $100,000 Las Vegas trip, a watch company subscription, and a $6 million townhouse United States Securities and Exchange Commission (S.E.C.).
Horwitz was found guilty and sentenced to 20 years in federal prison on February 14, 2022. Additionally, the court convicted Horwitz mandated that he pay $230 million in compensation.