This is one of the questions that people ask the most about Zachary Horwitz’s net worth, and although they always end up answering it on other pages with an “I don’t know, you know” or “it depends” if there are some estimates that various web portals mention. But, here’s our take.
Zachary Joseph Horwitz is an American actor and convicted criminal. Zachary Horwitz’s net worth is estimated to be around $20 million. We have estimated Zachary Horwitz’s net worth from salary, money, income, and assets.
| Name | Zachary Horwitz |
| Age | 35 years |
| Nationality | American |
| Date of birth |
December 5, 1986
|
| Occupation | Actor |
| Spouse(s) |
Mallory Hagedorn
(m. 2014) |
| Children | Children |
| Net Worth | $20 million |
Hollywood actor Zachary Horwitz jailed for 20 years for fraud with ‘pyramid schemes’
The famous 35-year-old actor Zachary Horwitz, who ran the fraud system he founded for 7 years, was decided to pay 230 million dollars compensation to more than 250 victims. The Hollywood actor was sentenced to 20 years in prison. Horwitz’s lawyer, Anthony Pacheco, said the actor felt “deep regret” for his actions.
Actor Zachary Horwitz, who collected $650 million from investors by making fake HBO and Netflix movie deals with the “Ponzi” or “Pyramid Sales System fraud” method, was sentenced to 20 years in prison.
The judge ordered that 35-year-old Zachary Horwitz, who was sentenced to 20 years in prison, pay $230 million in damages to more than 250 victims, The Independent reported.
Prosecutors called the incident the largest scam of its kind in Hollywood history.
The FBI found that Horwitz spent $5.7 million on a house in the city’s Beverlywood area, $706,000 on interior decorations, and $605,000 on luxury cars.
Horwitz also reportedly paid $345,000 to private jet and yacht charters, $174k to a Los Angeles party counselor, and $136,000 to Las Vegas casinos and nightclubs. Prosecutors said more than $6.9 million was spent on the American Express card.
The actor, who admitted to the scam in October, began the Ponzi scheme in 2014 through his company 1inMM Capital, telling investors that he used their money to buy foreign distribution rights to movies like “Slasher Party” or “Satanic Panic” and resold them.
Horwitz ran the scam system for 7 years, repaying early investors with 25 percent to 40 percent profits. When the system crashed, it was determined that there was a loss of 230 million dollars. Some of Horwitz’s first victims were said to be friends from Indiana University.
“It began by betraying the trust of their own friends, who for years let their guard down because they could not imagine that someone they knew would blindly defraud them and their families,” the case file states.
Horwitz’s lawyer, Anthony Pacheco, stated in court documents that the actor was “an honest man with mental health problems” and now feels “deep regret” for his actions.
Amelia Warner
Amelia Warner writes all the Latest Articles. She mostly covers Entertainment topics, but at times loves to write about movie reviews as well.
