Fraudulent actor made $ 690 million from stories of fake deals with Netflix and HBO

Fraudulent actor made $ 690 million from stories of fake deals with Netflix and HBO

American actor Zach Avery (“Time Rift”, “Devil’s Ridge”) has made about $ 690 million over the past six years. He received this money from investors who invested in his company 1inMM. The company, in turn, bought the rights to various films (mostly Latin American) and resold them to such large services as Netflix and HBO.

The problem was that neither Netflix nor HBO had any business with 1inMM.

In fact, Zach built a real pyramid scheme. He lied to new investors about his successes, after which he received money from them and paid off debts to those who had invested in him earlier. Payments, of course, the actor called “income from the sale of rights to films.” At the same time, Zak showed fake distribution agreements with fake signatures as evidence.

In such a simple way, the actor earned himself a modest house worth $ 6 million. Life in Paradise ended after defrauded investors who had not received their payments accused Zach Avery of fraud. After that, the FBI arrested the actor.

Zaku is sentenced to 20 years in prison. He is now at large thanks to a million dollar bail.

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