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Once he had legitimate contracts in his hands
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Bad Actor: A Hollywood Ponzi Scheme

Once he had legitimatecontracts in his hands, then he was ableto take it and run

Once he had legitimate
contracts in his hands, then he was able
to take it and run

Full Transcript

00:00:01.000 --> 00:00:04.097
Once he had legitimate contracts in his hands,
00:00:05.073 --> 00:00:08.283
then he was able to take it and run.
Duration
9 seconds
Views
32
Timestamp in Movie
00:25:49
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.
Zach Horwitz started this mostly, you know, utilizing, - Bad Actor: A Hollywood Ponzi Scheme 00:09
Zach Horwitz started this mostly, you know, utilizing,
Zach gave me the opportunity - Bad Actor: A Hollywood Ponzi Scheme 00:06
Zach gave me the opportunity
So he says, "Craig, I think I can get you in, you know? - Bad Actor: A Hollywood Ponzi Scheme 00:05
So he says, "Craig, I think I can get you in, you know?
I think you can invest." - Bad Actor: A Hollywood Ponzi Scheme 00:06
I think you can invest."
These are deals with Netflix, HBO, Howard Schultz. - Bad Actor: A Hollywood Ponzi Scheme 00:05
These are deals with Netflix, HBO, Howard Schultz.
And now I have that same opportunity - Bad Actor: A Hollywood Ponzi Scheme 00:09
And now I have that same opportunity
My wife and I are always looking for ways - Bad Actor: A Hollywood Ponzi Scheme 00:06
My wife and I are always looking for ways
I had invested in real estate - Bad Actor: A Hollywood Ponzi Scheme 00:06
I had invested in real estate
Scott Cohen, a good friend of mine, - Bad Actor: A Hollywood Ponzi Scheme 00:08
Scott Cohen, a good friend of mine,
When I first saw the business plan, - Bad Actor: A Hollywood Ponzi Scheme 00:07
When I first saw the business plan,
It's all the positive aspects of this deal. - Bad Actor: A Hollywood Ponzi Scheme 00:06
It's all the positive aspects of this deal.
What was going on in my head then - Bad Actor: A Hollywood Ponzi Scheme 00:06
What was going on in my head then
Right away, I said to him, - Bad Actor: A Hollywood Ponzi Scheme 00:15
Right away, I said to him,
In its most simple form, the Ponzi scheme - Bad Actor: A Hollywood Ponzi Scheme 00:08
In its most simple form, the Ponzi scheme
And I work with the FBI in the White Collar unit. - Bad Actor: A Hollywood Ponzi Scheme 00:06
And I work with the FBI in the White Collar unit.
And those payments that the investors believe - Bad Actor: A Hollywood Ponzi Scheme 00:10
And those payments that the investors believe
You have to have a scheme to defraud the folks - Bad Actor: A Hollywood Ponzi Scheme 00:06
You have to have a scheme to defraud the folks
So when you've misrepresented to them - Bad Actor: A Hollywood Ponzi Scheme 00:10
So when you've misrepresented to them
I met Zach Avery when I was raising money for venture. - Bad Actor: A Hollywood Ponzi Scheme 00:06
I met Zach Avery when I was raising money for venture.
And he was part of the VC team that invested. - Bad Actor: A Hollywood Ponzi Scheme 00:07
And he was part of the VC team that invested.