Hollywood actor ZACH AVERY arrested, accused of fraud on actor .

Zach Avery has been arrested by FBI agents in Los Angeles for being the mastermind of a Ponzi scheme. Jack Avery’s real name is Zachary Horwitz from the Security and Exchange Commission (SEC). The scheme began in 2015 and Jack Avery promised to provide more than 35 percent return to the victims.
According to US officials, Jack used the scheme to live a luxury lifestyle through which he has defrauded his investors of hundreds of millions of dollars. He can face up to 20 years in prison if found guilty on fraud charges. The US Attorney’s Central District for California’s office stated in a statement that “instead of purchasing film distribution rights, 34-year-old Jack operated the company as a Ponzi scheme. Apart from this, he used the money of new investors to pay his old investors.The SEC says that Jack Avery’s film career was nothing special. She starred in the critically panned 2020 film “Last Moment of Clarity”. After failing as an actor, he defrauded investors for living a luxury lifestyle. The US Attorney’s Office states that Jack had shown fake license agreements to investors, as well as fake distribution agreements with Netflix and HBO, to establish legitimacy. All of which were forged signatures.

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