American actor, Zachary Joseph Horwitz, known professionally as Zach Avery, has been jailed for stealing millions of dollars from investors.

The Hollywood actor swindled investors of $650 million in a huge Hollywood Ponzi scheme. After that, he used the money to lead a lavish lifestyle, buying a $5.7 million Beverlywood mansion in Los Angeles and $706,000 on interior decorating.

He also spent $605,000 on Mercedes Benz and Audi cars, $345,000 on private jet and yacht trips.

He spent $174,000 on Los Angeles party consultant services, $136,000 on Las Vegas casinos, and nightclubs, and $6.9 million in credit card payments to American Express.

“Horwitz portrayed himself as a Hollywood success story,” prosecutors said, according to the Department of Justice.

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“He branded himself as an industry player, who… leveraged his relationships with online streaming platforms like HBO and Netflix to sell them foreign film distribution rights at a steady premium.

“But, as his victims came to learn, (Horwitz) was not a successful businessman or Hollywood insider. He just played one.”