https://www.siliconvalley.com/2021/04/07/l-a-man-arrested-suspected-in-227-million-ponzi-scheme-tied-to-film-licensing-deals/

LOS ANGELES — A Los Angeles man was arrested Tuesday on suspicion of running a $227 million Ponzi scheme that solicited investors for phony film licensing deals, federal prosecutors said.

Zachary Joseph Horwitz, 34, was charged with wire fraud, which carries a statutory maximum penalty of 20 years in prison, according to a statement from the U.S. Attorney’s Office. It wasn’t immediately known if Horwitz has an attorney.