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Bad Actor: A Hollywood Ponzi Scheme

Depending on the loss amount,the number goes up

Depending on the loss amount,
the number goes up

Full Transcript

00:00:01.000 --> 00:00:04.142
Depending on the loss amount, the number goes up.
Duration
5 seconds
Views
23
Timestamp in Movie
01:12:42
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.
Aggravating circumstances... did you target elderly people? - Bad Actor: A Hollywood Ponzi Scheme 00:06
Aggravating circumstances... did you target elderly people?
Did you target groups that would be - Bad Actor: A Hollywood Ponzi Scheme 00:06
Did you target groups that would be
But the judge can deviate - Bad Actor: A Hollywood Ponzi Scheme 00:06
But the judge can deviate
So here he is, coming in, right here. - Bad Actor: A Hollywood Ponzi Scheme 00:06
So here he is, coming in, right here.
I have sat through a lot of statements to the court - Bad Actor: A Hollywood Ponzi Scheme 00:06
I have sat through a lot of statements to the court
And his lacked specificity in a way that struck me. - Bad Actor: A Hollywood Ponzi Scheme 00:06
And his lacked specificity in a way that struck me.
When I was writing my story - Bad Actor: A Hollywood Ponzi Scheme 00:08
When I was writing my story
We found out that Zach had sent a letter to the judge. - Bad Actor: A Hollywood Ponzi Scheme 00:06
We found out that Zach had sent a letter to the judge.
And in it, he had asked the judge - Bad Actor: A Hollywood Ponzi Scheme 00:13
And in it, he had asked the judge
Actor Zachary Joseph Horwitz is agreeing to plead guilty - Bad Actor: A Hollywood Ponzi Scheme 00:09
Actor Zachary Joseph Horwitz is agreeing to plead guilty
When Zach agreed to plead guilty in October, - Bad Actor: A Hollywood Ponzi Scheme 00:06
When Zach agreed to plead guilty in October,
And he pled guilty to a single count of securities fraud. - Bad Actor: A Hollywood Ponzi Scheme 00:06
And he pled guilty to a single count of securities fraud.
And with that agreement, other charges, - Bad Actor: A Hollywood Ponzi Scheme 00:08
And with that agreement, other charges,
When Zach Horwitz was sentenced, - Bad Actor: A Hollywood Ponzi Scheme 00:09
When Zach Horwitz was sentenced,
A 20-year sentence, you know, was... - Bad Actor: A Hollywood Ponzi Scheme 00:05
A 20-year sentence, you know, was...
I think in this case, I think it's just - Bad Actor: A Hollywood Ponzi Scheme 00:06
I think in this case, I think it's just
It was really striking to hear the judge go over - Bad Actor: A Hollywood Ponzi Scheme 00:09
It was really striking to hear the judge go over
I think it was $700,000 for interior design. - Bad Actor: A Hollywood Ponzi Scheme 00:06
I think it was $700,000 for interior design.
The Mercedes Benz of Beverly Hills. - Bad Actor: A Hollywood Ponzi Scheme 00:06
The Mercedes Benz of Beverly Hills.
This is one of the toughest things I have to tell people, - Bad Actor: A Hollywood Ponzi Scheme 00:08
This is one of the toughest things I have to tell people,