In 2013, Zach Avery’s acting career began. After appearing in a number of short films and a few features that went nowhere, he took his big hiatus: alongside Brad Pitt and Shia LaBeouf on “Fury,” which did well enough for itself, though it was more likely to do itself a tank epic from WWII as the first in a new Marvel Comics Universe series about Nick Fury.
But Avery, née Horwitz, was smart enough to know that sometimes big breaks come out of nowhere, as he has: Of the nine films he has been in since “Fury” I recognize exactly zero. In the same year he played a minor role as the villain in a major Hollywood production. Just in case, he also founded a film distribution company, 1inMM Capital.
Avery was a great success here, building a library of 52 films that were to be distributed to far-flung parts of the world in just two years. There were “strategic partnerships” with HBO and Netflix. Things went so well that he sent bottles of Johnnie Walker Blue to investors with 1inMM’s 2015 annual report. Avery promised an annual return of up to 40% for “safe investments” – like the distribution rights for the Ukrainian hunger bomb “Bitter Harvest” in 2017.
Unfortunately for these investors, Avery is reportedly a far better off-screen actor than on-screen.
In reality, according to the FBI, Horwitz did not enter into any license agreements and diverted a large part of the money for personal gain. He used some of the money to buy his Beverlywood home in 2018, which is now on sale for $ 6.5 million. The six bedroom home has a pool, wine cellar, and exercise room. / As of December 2019, Horwitz’s company has defaulted more than 160 payments from its investors, according to the FBI. Its largest investor, Chicago-based JJMT Capital, LLC owes more than $ 160 million in capital and approximately $ 59 million in investment gains, Verrastro said.
Hahahaha “Investment Profits”.
Horwitz sent JJMT an agreement between HBO and 1inMM Capital to distribute the film in Africa and Latin America for three years. According to the FBI, however, the alleged signature of the “President of Operations” for HBO Latin American Holdings was forged.
However, when the payment came due, Horwitz began sending fake emails from HBO executives to justify delays, and he did the same with fabricated emails from Netflix, the FBI said.
“In reality, neither Horwitz nor 1inMM Capital ever had any e-mail correspondence with Netflix or HBO,” wrote Verrastro, “nor did Horwitz or 1inMM Capital ever have a business relationship with Netflix or HBO.”
Hollywood actor arrested in allegedly $ 227 million Ponzi scheme [L.A. Times]