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Bad Actor: A Hollywood Ponzi Scheme

You're gonna need somethingwhen you get there, no?

You're gonna need something
when you get there, no?

Full Transcript

00:00:01.000 --> 00:00:04.279
You're gonna need something when you get there, no?
Duration
5 seconds
Views
24
Timestamp in Movie
01:07:18
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.
Very few Ponzi schemers actually have a exit strategy. - Bad Actor: A Hollywood Ponzi Scheme 00:07
Very few Ponzi schemers actually have a exit strategy.
They sometimes flee and get out of the jurisdiction. - Bad Actor: A Hollywood Ponzi Scheme 00:06
They sometimes flee and get out of the jurisdiction.
But it's hard to really disappear now. - Bad Actor: A Hollywood Ponzi Scheme 00:05
But it's hard to really disappear now.
And somebody in one of these tiers, - Bad Actor: A Hollywood Ponzi Scheme 00:08
And somebody in one of these tiers,
And at the same time, the people - Bad Actor: A Hollywood Ponzi Scheme 00:11
And at the same time, the people
I don't know that there's a lot more time left - Bad Actor: A Hollywood Ponzi Scheme 00:08
I don't know that there's a lot more time left
This is a real fucking disaster. - Bad Actor: A Hollywood Ponzi Scheme 00:05
This is a real fucking disaster.
I think that Scott, at that time, - Bad Actor: A Hollywood Ponzi Scheme 00:08
I think that Scott, at that time,
And that's when it kind of all came crumbling down. - Bad Actor: A Hollywood Ponzi Scheme 00:05
And that's when it kind of all came crumbling down.
A victim attorney contacted the FBI office, - Bad Actor: A Hollywood Ponzi Scheme 00:10
A victim attorney contacted the FBI office,
One of the first things we do in these fraud cases - Bad Actor: A Hollywood Ponzi Scheme 00:07
One of the first things we do in these fraud cases
The FBI has created an entire cadre of forensic accountants - Bad Actor: A Hollywood Ponzi Scheme 00:07
The FBI has created an entire cadre of forensic accountants
And so they get the bank accounts - Bad Actor: A Hollywood Ponzi Scheme 00:06
And so they get the bank accounts
And then we interview the victims - Bad Actor: A Hollywood Ponzi Scheme 00:06
And then we interview the victims
Oftentimes, these investigations can last - Bad Actor: A Hollywood Ponzi Scheme 00:08
Oftentimes, these investigations can last
One of the things that enabled this investigation, - Bad Actor: A Hollywood Ponzi Scheme 00:09
One of the things that enabled this investigation,
One of the key elements of this is, - Bad Actor: A Hollywood Ponzi Scheme 00:07
One of the key elements of this is,
The way we prove the scheme is showing what they were told - Bad Actor: A Hollywood Ponzi Scheme 00:06
The way we prove the scheme is showing what they were told
That's often a concern of investors, - Bad Actor: A Hollywood Ponzi Scheme 00:08
That's often a concern of investors,
The morning of the arrest, out of nowhere, - Bad Actor: A Hollywood Ponzi Scheme 00:13
The morning of the arrest, out of nowhere,