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Actor charged with fraud in alleged multimillion dollar Ponzi scheme, court documents show

It reads a bit like the plot of a bizarre Hollywood-centric screenplay: Small-time actor Zachary Horwitz was arrested Tuesday for allegedly running a multi-million dollar Ponzi scheme that involved raising funds from investors who thought their money was being used to buy and license film rights, according to a statement from the Justice Department. [Source]

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Origin: cnn.com

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Source: http://rss.cnn.com/~r/rss/cnn_topstories/~3/WOmynSnpfwY/index.html

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