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Man accused in $227M Ponzi scheme involving film rights

LOS ANGELES (AP) - A Los Angeles man was arrested Tuesday on suspicion of running a $227 million Ponzi scheme that solicited investors for phony film licensing deals, federal prosecutors said.

Zachary Joseph Horwitz, 34, was charged with wire fraud, which carries a statutory maximum penalty of 20 years ...

from The Washington Times stories: Entertainment https://ift.tt/3uywwvX

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