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Right away, I said to him
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Bad Actor: A Hollywood Ponzi Scheme

Right away, I said to him, "How do we knowthis isn't a Ponzi scheme?" And the answer I got...

Right away, I said to him, "How do we know
this isn't a Ponzi scheme?" And the answer I got back
was just that, "Of course it isn't,
and here's why." And I trusted that

Full Transcript

00:00:01.000 --> 00:00:02.278
Right away, I said to him,
00:00:02.381 --> 00:00:05.591
"How do we know this isn't a Ponzi scheme?"
00:00:05.695 --> 00:00:07.049
And the answer I got back was just that,
00:00:07.593 --> 00:00:09.319
"Of course it isn't, and here's why."
00:00:09.423 --> 00:00:13.806
And I trusted that.
Duration
15 seconds
Views
22
Timestamp in Movie
00:27:41
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.
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.
So I just assumed, like, yeah, he's a trust fund kid. - Bad Actor: A Hollywood Ponzi Scheme 00:05
So I just assumed, like, yeah, he's a trust fund kid.
And he was able to kind of talk enough, - Bad Actor: A Hollywood Ponzi Scheme 00:08
And he was able to kind of talk enough,
It's kind of, like, a hot place to be right now, - Bad Actor: A Hollywood Ponzi Scheme 00:06
It's kind of, like, a hot place to be right now,
Jessica Alba, with the Honest Company. - Bad Actor: A Hollywood Ponzi Scheme 00:05
Jessica Alba, with the Honest Company.
They have all done very well being an investor - Bad Actor: A Hollywood Ponzi Scheme 00:08
They have all done very well being an investor
Zach, you know, he played that character well, - Bad Actor: A Hollywood Ponzi Scheme 00:13
Zach, you know, he played that character well,
And I would say that you might classify a Ponzi scheme - Bad Actor: A Hollywood Ponzi Scheme 00:09
And I would say that you might classify a Ponzi scheme
In a Ponzi scheme, - Bad Actor: A Hollywood Ponzi Scheme 00:05
In a Ponzi scheme,
Okay, let's call it ZH for Zach Horwitz. - Bad Actor: A Hollywood Ponzi Scheme 00:05
Okay, let's call it ZH for Zach Horwitz.
And he's got friends out there, - Bad Actor: A Hollywood Ponzi Scheme 00:08
And he's got friends out there,
Always Be Closing. - Bad Actor: A Hollywood Ponzi Scheme 00:05
Always Be Closing.
And he's promising that in six months, - Bad Actor: A Hollywood Ponzi Scheme 00:07
And he's promising that in six months,
Your profit on a mere $6,000 investment - Bad Actor: A Hollywood Ponzi Scheme 00:08
Your profit on a mere $6,000 investment