The movies had names like “Blood Quantum,” “La Melodie,” and “Run with the Hunted,” and were purportedly going to be licensed by Netflix and HBO. But federal prosecutors and securities regulators claim the real fiction was the bogus licensing agreements that a small-time actor claimed he had secured for the movies, part of a $690 million Ponzi scheme.
Zachary Horwitz, a 34-year-old with a few minor acting credits, was arrested on Thursday for running an investment fraud in which his company, 1inMM (one in a million), raised $227 million from more than 200 investors, federal prosecutors and securities regulators said.
According to an 18-page complaint filed by Securities & Exchange Commission lawyers in Los Angeles federal court, Horwitz misled investors by telling them they were buying the rights to the films that would be resold to Netflix and HBO, even though the licensing deals for the movies and the relationships with the companies did not exist.
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- ‘No other way to spin it’: CNN expert says inflation number ‘positive news’ - December 18, 2025
- Fairfax County freed illegal despite ICE request — now a man is dead - December 18, 2025
- US may be entering moderate moment as voters reject radicalism, poll suggests - December 18, 2025
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.
BPR INSIDER COMMENTS
Scroll down for non-member comments or join our insider conversations by becoming a member. We'd love to have you!
