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Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme - Vimarsana News

Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme

The DOJ said in a news release that the actor "raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad."

Source: wisn.com
Actor Zach Avery Gets 20 Years in Prison for $650 Million Ponzi Scheme - Vimarsana News

Actor Zach Avery Gets 20 Years in Prison for $650 Million Ponzi Scheme

Actor Zach Avery, who has had a handful of minor roles in Hollywood, has been sentenced to 20 years in prison after being convicted of running a multimillion-dollar Ponzi scheme involving phony movie distribution deals.

Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme - Vimarsana News

Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme

The DOJ said in a news release that the actor "raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad."

Source: wgal.com
Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme - Vimarsana News

Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme

The DOJ said in a news release that the actor "raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad."

Source: ketv.com
Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme - Vimarsana News

Hollywood actor sentenced to 20 years for multimillion-dollar Ponzi scheme

The DOJ said in a news release that the actor "raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad."

Source: wbaltv.com