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There was a sense of intrigue
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Bad Actor: A Hollywood Ponzi Scheme

There was a senseof intrigue that is beyondthe typical scheme, where someone says, "You're...

There was a sense
of intrigue that is beyond
the typical scheme, where someone says, "You're going to be investing
in the stock market." They don't know anything
about these companies

Full Transcript

00:00:01.000 --> 00:00:02.045
There was a sense of intrigue
00:00:02.553 --> 00:00:05.073
that is beyond the typical scheme,
00:00:05.177 --> 00:00:06.454
where someone says,
00:00:06.557 --> 00:00:08.557
"You're going to be investing in the stock market."
00:00:08.628 --> 00:00:10.365
They don't know anything about these companies.
Duration
11 seconds
Views
41
Timestamp in Movie
00:33:17
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.
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.
And HBO or Netflix will realize - Bad Actor: A Hollywood Ponzi Scheme 00:07
And HBO or Netflix will realize
And so that was another thing that got people to try and put - Bad Actor: A Hollywood Ponzi Scheme 00:14
And so that was another thing that got people to try and put
Around 2017, one of my neighbors down the street - Bad Actor: A Hollywood Ponzi Scheme 00:09
Around 2017, one of my neighbors down the street