{"id":9921,"date":"2021-04-08T13:18:51","date_gmt":"2021-04-08T17:18:51","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9921"},"modified":"2022-01-04T09:06:57","modified_gmt":"2022-01-04T14:06:57","slug":"zachary-horwitz-and-1inmm-capital-subject-of-alleged-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/zachary-horwitz-and-1inmm-capital-subject-of-alleged-ponzi-scheme\/","title":{"rendered":"Zachary Horwitz And 1inMM Capital Subject Of Alleged Ponzi Scheme"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9853 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall.jpg\" alt=\"On April 5, 2021, the United States Securities and Exchange Commission (SEC) filed a Complaint against Zachary Horwitz and 1inMM Capital arising from an alleged \u201coffering fraud and Ponzi scheme in violation of federal securities laws.\u201d Among other things, the SEC alleged Horowitz and 1inMM \u201craised over $690 million from investors by selling promissory notes . . . using fabricated agreements and fake emails with prominent third parties with whom Defendants had no actual business relationship.\u201d The SEC was able to obtain an asset freeze and emergency relief, but investors are now struggling to figure out whether they will receive any meaningful portion of their investments back. Los Angeles-Based Actor Zachary Horwitz Was Alleged Mastermind Of The Ponzi Scheme According to the SEC\u2019s Complaint, Horwitz raised money from investors in the form of promissory notes issued by his company, 1inMM Capital. Regarding the promissory notes, the SEC alleged: Horwitz and 1inMM \u201crepresented that 1inMM would use the proceeds from each Promissory Note to finance transactions in which Defendants would: (1) acquire distribution rights in a specific movie; (2) license those rights to a specific media company; and (3) use the profits from these transactions to satisfy the note.\u201d \u201cHorwitz represented to investors that he and 1inMM would profit from these transactions by selling the movie rights to HBO or Netflix at a profit in excess of the profits paid to investors, and that Horwitz and 1inMM would retain this excess.\u201d\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>On April 5, 2021, the United States Securities and Exchange Commission (SEC) filed a Complaint against Zachary Horwitz and 1inMM Capital arising from an alleged \u201coffering fraud and Ponzi scheme in violation of federal securities laws.\u201d Among other things, the SEC alleged Horowitz and 1inMM \u201craised over $690 million from investors by selling promissory notes . . . using fabricated agreements and fake emails with prominent third parties with whom Defendants had no actual business relationship.\u201d  <a href=\"https:\/\/www.silverlaw.com\/blog\/zachary-horwitz-and-1inmm-capital-subject-of-alleged-ponzi-scheme\/#more-9921\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 5, 2021, the United States Securities and Exchange Commission (SEC) filed a Complaint against Zachary Horwitz and 1inMM Capital arising from an alleged \u201coffering fraud and Ponzi scheme in violation of federal securities laws.\u201d Among other things, the SEC alleged Horowitz and 1inMM \u201craised over $690 million from investors by selling promissory notes [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595,593],"tags":[],"class_list":["post-9921","post","type-post","status-publish","format-standard","hentry","category-investment-fraud","category-ponzi-schemes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zachary Horwitz And 1inMM Capital Subject Of Alleged Ponzi Scheme &#8212;<\/title>\n<meta name=\"description\" content=\"The SEC filed a Complaint against Zachary Horwitz and 1inMM Capital arising from an alleged \u201coffering fraud and Ponzi scheme&quot;.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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