Actor Zach Avery arrested in connection with Hollywood Ponzi scheme

American actor Zach Avery has been arrested in Los Angeles in connection with a massive Hollywood Ponzi scheme.

According to Los Angeles Times, Avery whose real name is Zachary J Horwitz, was taken into custody on Tuesday with the federal investigators alleging that he defrauded investors out of more than $227 million.

He is accused of fabricating licensing deals with Netflix, HBO, as well as other platforms, in order to secure funding for his film distribution company.

Horwitz has appeared in minor roles in movies such as 'Fury', 'Curvature', 'Farming' and 'The White Crow'.