An LA actor who orchestrated an elaborate Ponzi scheme that raised $650 million in bogus licensing deals with HBO and Netflix was sentenced to 20 years in federal prison. In addition to jail time, US District Judge Mark C. Scarsi on Monday ordered Zachary Joseph Horwitz, 35, to pay about $230 million in restitution to more than 250 investors who bankrolled his business venture 1inMM Capital.Prosecutors said Horwitz would use loans from one group of investors to repay the others, while taking millions of dollars to pay for his opulent lifestyle.
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