A failed actor from Indiana told investors he had secret deals with Netflix and HBO to distribute films across Latin America. He raised $650 MILLION. He had no deals, had no film and used the money to buy courtside NBA seats and throw parties in Hollywood while posting it all on Instagram. – Zachary Horwitz grew up in Indiana dreaming of being a Hollywood star. > He moved to Los Angeles and got a few minor acting roles. Nothing significant. – In 2014 he started a company called 1inMM Capital. – He told investors the company had exclusive deals with Netflix and HBO to license and distribute films across Latin America. – The returns he promised were extraordinary. 35 to 40 percent annually. – The deals were completely fabricated. – He forged official Netflix and HBO letterhead to make them look real. Created fake email correspondence. Produced fake contracts. – Over six years he raised $650 MILLION from hundreds of investors using nothing but forged documents and confidence. – While the money came in he lived like a celebrity. Courtside seats at Lakers games. A $5.7 MILLION mansion in the Hollywood Hills, Private jets, Lavish parties, Designer clothes and he posted everything on Instagram. – He used new investor money to pay returns to old investors to keep the scheme running. A classic Ponzi structure. – When COVID hit in 2020 the entertainment industry froze. He could no longer raise enough new money to pay existing investors. Payments stopped. – Investors contacted Netflix and HBO directly to ask about the distribution deals. – Both companies said they had never heard of him or his company. – He was arrested in April 2021. Pleaded guilty to wire fraud. – Sentenced to 20 years in federal prison. A man forged Netflix and HBO contracts, raised $650 MILLION from real investors, and spent it on courtside seats and Hollywood parties while posting it all on Instagram.