Aspiring Actor Gets 20 Years for $650M Netflix and HBO Deal Scam --
Prosecutors alleged that from 2014 to 2019, Horwitz secured hundreds of millions of dollars in loans for his film company, 1inMM Capital LLC, by falsely claiming the money would be used to buy distribution rights to movies that would then be licensed for distribution to streaming platforms such as Netflix and HBO.
Instead, Horwitz used some of the money to repay earlier investors in a classic Ponzi scheme and to support a lifestyle that included buying a $6 million home, prosecutors said. More than 200 investors, including three of Horwitz’s closest college friends and their family members, lost about $230 million, authorities said.Download our local news and weather app
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
A Look at 10 Iconic Black Characters From the Last 20 YearsThese characters transcend their stories and become icons of media that withstand the test of time!
Les mer »
Ice Hockey Top 20, Feb. 14: Let the playoff chaos beginA look at the latest ice hockey Top 20 ahead of a crazy week coming up.
Les mer »
20 Xbox Series X/S Tips to Level Up Your New ConsoleFrom setting up remote play to automatic sign-on with your favorite controller, here’s how to get the most out of your shiny new toy.
Les mer »
Bengals Lead Rams 20-16 Going Into Final Quarter Of Super Bowl LVIMatthew Stafford and the LA Rams take on Joe Burrow and the Cincinnati Bengals in Super Bowl LVI.
Les mer »
Super Bowl LVI live updates: Bengals lead Rams 20-16 in fourth quarterFollow along for the latest news as the Rams look to win their first Super Bowl in Los Angeles on Sunday against the Cincinnati Bengals at SoFi Stadium.
Les mer »
Super Bowl Live: Rams Win Super Bowl 23-20 Over BengalsCooper Kupp caught a 1-yard touchdown pass from Matthew Stafford with 1:25 remaining and the Rams beat the Bengals 23-20 to win the Super Bowl on Sunday night. SuperBowl
Les mer »