{"id":193,"date":"2021-04-08T16:28:22","date_gmt":"2021-04-08T20:28:22","guid":{"rendered":"https:\/\/www.secarbitrationlawyer.com\/?p=193"},"modified":"2021-04-08T16:28:22","modified_gmt":"2021-04-08T20:28:22","slug":"silver-law-group-investigates-1inmm-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-investigates-1inmm-ponzi-scheme\/","title":{"rendered":"Silver Law Group Investigates 1inMM Ponzi Scheme"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-194 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall-1.jpg\" alt=\"The Securities and Exchange Commission has charged an actor in low-budget movies with running a Ponzi scheme tied to film distribution and licensing agreements that defrauded investors out of over $690 million. Zachary Horwitz, whose screen name is Zach Avery, ran the Ponzi scheme from 2014 to at least December 2019 through his distribution company 1inMM Capital LLC. Silver Law Group is a national securities and investment fraud law firm which represents Ponzi scheme victims in claims against the Ponzi schemer and any third parties who materially participated in the fraud or are otherwise liable under the law. 1inMM Alleged Ponzi Scheme According to the complaint, filed April 5, 2021 in California U.S. District Court, Horwitz and 1inMM issued promissory notes to investors on individual film titles, promising to use the money to purchase distribution rights to a movie, mostly for Latin America, which Horwitz and 1inMM would then sell to outlets like HBO and Netflix at a high profit.\u00a0 Horwitz sold each note at a per-film principal investment of between $35,000 and $1.5 million, often promising investors a six-to-twelve-month maturity and a 35% to 45% return. One investor, out nearly $9 million, invested in 108 movies with corresponding promissory notes, the SEC complaint says.\u00a0As a sometimes-film actor, Horwitz sold investors on his film industry experience and connections.\u00a0\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall-1.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall-1-180x120.jpg 180w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>The Securities and Exchange Commission has charged an actor in low-budget movies with running a <a href=\"https:\/\/www.silverlaw.com\/blog\/zachary-horwitz-and-1inmm-capital-subject-of-alleged-ponzi-scheme\/\" target=\"_blank\">Ponzi scheme<\/a> tied to film distribution and licensing agreements that defrauded investors out of over $690 million. Zachary Horwitz, whose screen name is Zach Avery, ran the Ponzi scheme from 2014 to at least December 2019 through his distribution company 1inMM Capital LLC.  <a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-investigates-1inmm-ponzi-scheme\/#more-193\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission has charged an actor in low-budget movies with running a Ponzi scheme tied to film distribution and licensing agreements that defrauded investors out of over $690 million. Zachary Horwitz, whose screen name is Zach Avery, ran the Ponzi scheme from 2014 to at least December 2019 through his distribution company [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595,1676],"tags":[],"class_list":["post-193","post","type-post","status-publish","format-standard","hentry","category-investment-fraud","category-ponzi-scheme"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silver Law Group Investigates 1inMM Ponzi Scheme &#8212;<\/title>\n<meta name=\"description\" content=\"The SEC has charged actor Zachary Horwitz with running a Ponzi scheme, 1inMM, that defrauded investors out of over $690 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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