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City National Bank has been sued for more than $770 million for allegedly bankrolling a Hollywood Ponzi scheme, the latest in a series of controversies involving one of L.A.'s best-known banks.
Hollywood Docket: Ponzi Scheme Investor Suit, 'MacGyver' Profits Trial, 'American Idol' Injury Michael Buckner/PMC A roundup of recent entertainment law news including a lawsuit from a worker forced back to the office during the COVID-19 pandemic. Earlier this month, Zachary Horwitz was arrested and charged with wire fraud in connection with running an alleged $690 million Ponzi scheme that included fake license rights agreements with Netflix and HBO. Now, investors have filed suit — and are eyeing City National Bank's role. In a complaint filed on Tuesday in California federal court, Bla...