The Hollywood Ponzi Scheme | Once Upon a Crime in Hollywood | Part Two | 4

Scamfluencers

Wondery

Society & Culture

4.1 • 7K Ratings

🗓️ 25 April 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Zach Horwitz is finally living out his movie star dream. He even has a new stage name. The call sheet has him listed as Zach Avery. But behind the scenes, he's starting to break character as a businessman. His Ponzi scheme disguised as a production company is beginning to fumble. If Zach plans to continue fooling his investors, he'll need to keep the cash flowing.

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Transcript

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0:00.0	Hey, prime members, you can listen to ScanFlancer's ad free on Amazon music.
0:04.6	Download the app today.
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0:12.3	Download the Wendry app in your Apple or Google Play mobile app store today.
0:16.5	Wendry Plus is a great app for you.
0:23.2	Have you ever been an actor?
0:25.0	You know, I was cast in a school play of my Sennman and you played.
0:31.8	I played the old black man because no black people auditioned for it.
0:36.3	And I got the role by default.
0:39.6	The play was canceled.
0:41.4	So yeah, I do know a thing I'm too about.
0:46.8	You are.
0:47.8	Right.
0:48.8	So you understand the need for attention that actors inherently have.
0:54.6	Right.
0:55.6	Well, Zach Horowitz craves it too.
0:58.6	And he's going to do anything to chase that high.
1:02.7	So it's June 2017 and Zach has been running his Ponzi scheme for around three years.
1:09.2	The whole thing depends on hooking new investors.
1:11.6	Without that, it all falls apart.
1:13.9	The Ponzi scheme, but also Zach's dream to become a famous actor.
1:19.0	No more new investors, no more movies for Zach to star in,
	...

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