Entertainment Industry Con Faces 20 Years for Defrauding Investors in $650 Million-Dollar Scheme
On October 4th, 2021, Zachary Joseph Horwitz, a Los Angeles actor, pled guilty to one count of securities fraud in the United States District Court for the Central District of California. Horwitz, also known by his stage name, Zach Avery, admitted to raising $650 million from investors by leading them to believe that he had…
Read MoreInvestors in Genius Brands, An Entertainment Company, Assert They Were Duped By Pump-And-Dump Scheme
In a complaint filed on August 18, 2020, in the Central District of California, plaintiff Salvador Verdin, individually and on behalf of all investors who purchased Genius stock between March 17 and July 5, 2020, accused defendants Genius Brands and its CEO, Andy Heyward, of violating Federal Securities Law. In the complaint, Plaintiffs claim that,…
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