Zachary Joseph Horwitz, aka Zach Avery, came up with a Hollywood Ponzi scheme in 2014, scamming wealthy investors off millions of dollars. Although the figures vary from report to report, Avery is believed to have raised up to $650 million from his ‘money-making’ scheme.
Having acted alongside stars such as Brad Pitt and Brian Cox, the actor was yet to receive his big break in the industry. He somehow managed to secure a bit of glam and glitz Tinseltown had to offer, which led people to question his authenticity and honesty. Contradictory to his plans, he finally got five minutes of fame when his fraudulent activities came to light.
Avery’s failure to make ends meet, as per promises made to investors, was his undoing. The second episode of ABC’s The Con S2 delves further into the case that shocked Hollywood when one of their own tried to defraud them in a multimillion dollar Ponzi scheme.
Titled The Hollywood Mogul Con, the episode will air on Thursday, August 4, 2022, at 10 pm ET on ABC.
Read five facts about Zach Avery ahead of the episode premiere.
Five lesser-known facts about Zach Avery
1) Zach Avery and the fradulent licensing company, 1in MM Capital LLC
Hollywood actor Zachary Horwitz sentenced to 20 years for…
