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And there's always this notion that
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Bad Actor: A Hollywood Ponzi Scheme

And there's alwaysthis notion that, particularly in Ponzi schemes, there are only so many...

And there's always
this notion that, particularly in Ponzi schemes, there are only so many deals
to go around

Full Transcript

00:00:01.000 --> 00:00:06.999
And there's always this notion that,
00:00:06.109 --> 00:00:07.869
particularly in Ponzi schemes,
00:00:07.973 --> 00:00:10.527
there are only so many deals to go around.
Duration
12 seconds
Views
28
Timestamp in Movie
00:32:49
Uploaded
Apr 03, 2025
Genres
documentary
Production
XTR,NEON

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Movie Summary

Zachary Horwitz's desperate attempt to become a movie star led him down a path of deception and fraud, seduced by the allure of fame and wealth.
He just had the Hollywood lingo down. - Bad Actor: A Hollywood Ponzi Scheme 00:05
He just had the Hollywood lingo down.
And he had so much bravado behind it, - Bad Actor: A Hollywood Ponzi Scheme 00:11
And he had so much bravado behind it,
There was a sense of intrigue - Bad Actor: A Hollywood Ponzi Scheme 00:11
There was a sense of intrigue
And I think investors enjoyed saying - Bad Actor: A Hollywood Ponzi Scheme 00:06
And I think investors enjoyed saying
Most of the investors investing in movies - Bad Actor: A Hollywood Ponzi Scheme 00:09
Most of the investors investing in movies
And that's where Ponzi schemes, - Bad Actor: A Hollywood Ponzi Scheme 00:06
And that's where Ponzi schemes,
They love to get in an area where you know a little bit - Bad Actor: A Hollywood Ponzi Scheme 00:08
They love to get in an area where you know a little bit
When you use actual, real movie titles that exist, - Bad Actor: A Hollywood Ponzi Scheme 00:24
When you use actual, real movie titles that exist,
They were sort of the advisors to us on account of 1inMM, - Bad Actor: A Hollywood Ponzi Scheme 00:11
They were sort of the advisors to us on account of 1inMM,
And all of the members of JJMT were in the finance sector. - Bad Actor: A Hollywood Ponzi Scheme 00:05
And all of the members of JJMT were in the finance sector.
So as far as we understood, they had vetted everything. - Bad Actor: A Hollywood Ponzi Scheme 00:06
So as far as we understood, they had vetted everything.
And that lended credence to this whole scheme. - Bad Actor: A Hollywood Ponzi Scheme 00:05
And that lended credence to this whole scheme.
The investors would ask, "Well, what if you can't - Bad Actor: A Hollywood Ponzi Scheme 00:07
The investors would ask, "Well, what if you can't
Don't worry, it's always a safe investment." - Bad Actor: A Hollywood Ponzi Scheme 00:14
Don't worry, it's always a safe investment."
You know, there was even clauses, - Bad Actor: A Hollywood Ponzi Scheme 00:06
You know, there was even clauses,
So in a case like this, - Bad Actor: A Hollywood Ponzi Scheme 00:14
So in a case like this,
And then for the next note, the victim investors - Bad Actor: A Hollywood Ponzi Scheme 00:07
And then for the next note, the victim investors
You get the 35%, 40% return, whatever it is. - Bad Actor: A Hollywood Ponzi Scheme 00:06
You get the 35%, 40% return, whatever it is.
And the other thing that was always presented to us - Bad Actor: A Hollywood Ponzi Scheme 00:07
And the other thing that was always presented to us
At some point, there will be other players in the game. - Bad Actor: A Hollywood Ponzi Scheme 00:05
At some point, there will be other players in the game.