LOS ANGELES—A Los Angeles actor who appeared in low-budget horror and science-fiction movies pleaded guilty on Oct. 4 to running a $650 million Ponzi scheme.
Zachary Joseph Horwitz, who used the name Zach Avery in film credits, allegedly bilked investors who thought their money would finance distribution rights for movies that would run on HBO and Netflix, according to the U.S. Attorney’s Office.
