Actor Zach Avery Arrested for Allegedly Running Multi-Million Dollar Hollywood Movie Ponzi Scheme

Photo: Lionsgate//ShutterstockActor Zachary J. Horwitz, best known under his stage name Zach Avery, was arrested Tuesday in Los Angeles in connection with a massive Hollywood Ponzi scheme, which federal authorities allege defrauded investors out of more than $227 million.Avery is accused of fabricating licensing deals with Netflix, HBO, as well as other platforms, in order to secure funding for his film distribution company, 1inMM Capital LLC, according to the FBI.Avery’s lawyer and publicist did not immediately respond to PEOPLE’s request for comment.

Actor-Turned-President Zelenskyy Is the 'Tom Hanks of Ukraine': 'Fearless' Performer and Devoted Family Man

Volodymyr Zelenskyy.Photo: Guillaume Herbaut/Agence VU/Re Weeks into facing a brutal invasion from neighboring Russia and Ukraine still refuses to bend — a tenacity, and stubbornness, highlighted every time Ukrainian PresidentVolodymyr Zelenskyyshows his face from the threatened capital of Kyiv, asVladimir Putin’s forces draw closer. Zelenskyy, an actor-turned-politician, has addressed his people and the world repeatedly since the Russian attackbegan in force on Feb. 24, appearing in selfie-style videos and waving off offers of evacuation.

Actors Approve SAG-AFTRA Deal That Ended 118-Day Strike: ‘It’s an Enormous Victory'

SAG-AFTRA picket lines.Photo:Michael Tullberg/Getty Michael Tullberg/Getty This comes after theHollywood actors strikeended on Nov. 9, whenSAG-AFTRA’s negotiating committee reached a tentative agreementwith the AMPTP. The strikebegan on July 14and lasted for 118 days, making it the longest in the actors' union’s history. The new contractincludes “more than $1 billion in new compensation and benefit plan funding, along with outsized gains to the traditional residuals formulas," the union said. Entertainers who work for streaming platforms will see a new compensation model allowing them to make substantial bonuses on top of existing residuals structures.

Actors Defend 'Cosby Show' Alum Geoffrey Owens After He's Photographed Working at Trader Joe's

Photo: Larry Busacca/Getty Images Stars want their followers to know that all hard work is honorable. NBCU Photo Bank Some people wrote about their own experiences finding work outside of the business.Terry Crewstweeted, “I swept floors AFTER the @NFL. If need be, I’d do it again. Good honest work is nothing to be ashamed of.” Sabrina the Teenage Witchstar Nate Richert tweeted that he’s “currently a maitenance man, a janitor, a carpenter.

Actors Kiana Madeira and Lovell Adams-Gray Marry in 'Enchanted Garden' Toronto Wedding (Exclusive)

Kiana Madeira and Lovell Adams-Gray during their wedding ceremony.Photo:Alicia Rinka Photography Alicia Rinka Photography Kiana MadeiraandLovell Adams-Grayofficially said “I do” last weekend, over three years after getting engaged. TheFear Streetactress, 30, and her actor husband, 31, gathered with over 200 of their closest friends and family at the famousCasa Lomain Toronto to tie the knot last Sunday. The couple, whogot engaged in February 2020, tells PEOPLE the castle-style mansion was the perfect fit for their “ethereal royalty” theme.