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Ghost Town: Strange History, True Crime, & the Paranormal

The Zach Avery Scam (GT Mini)

Ghost Town: Strange History, True Crime, & the Paranormal

Ghost Town

Social Sciences, History, True Crime, Science

3.7938 Ratings

🗓️ 7 May 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

A relatively unknown actor dupes his friends, family, and colleagues in a 700 million dollar Ponzi scheme.

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Transcript

Click on a timestamp to play from that location

0:00.0

A D-List scammer.

0:02.0

I'm Rebecca Leib.

0:03.0

I'm Jason Horton.

0:04.0

And this is Ghost Town.

0:20.0

Beverly Woodman has been arrested by the FBI

0:22.8

for allegedly running a $250 million Ponzi scheme.

0:27.3

Investigators say Zachary Horowitz,

0:29.3

who uses the screen name of Zach Avery,

0:32.1

told investors he'd use their money

0:34.1

to acquire licensing rights to films

0:36.4

that HBO and Netflix had agreed to distribute abroad.

0:40.4

Instead, investigators say Horowitz

0:42.6

used the money to pay other investors

0:44.6

and buy a $6 million house in Beverly Wood.

0:48.0

Horowitz has been charged with wire fraud.

0:50.0

If convicted, he could get up to 20 years in prison.

0:53.5

This one is relatively current.

0:56.9

Definitely showed up on many timelines on my internet

1:01.4

because it involved an actor and a Ponzi scheme.

1:06.8

And I've been watching a lot of Generation Hustle

1:11.3

on HBO.

1:11.8

Do you have a watch, Generation Hustle?

...

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