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Actor Accused of Running $690 Million Ponzi Scheme

GettyImages-1283343757-ponzi-scheme The SEC has filed charges Last Moment of Clarity, In its complaint, Active Measures Blood Quantum Run with the Hundred

"We allege that Horwitz promised extremely high returns and made them seem plausible by invoking the names of two well-known entertainment companies and fabricating documents," said Michele Wein Layne, director of the SEC’s Los Angeles regional office. "We obtained an asset freeze on an emergency basis to secure for the benefit of investors what remains of the money raised by Horwitz."