Zachary Horwitz, an actor who admitted to operating a multimillion-dollar Ponzi scheme, was sentenced to 20 years in federal prison this week, according to the Department of Justice. In a news release, the Justice Department said Horwitz “raised at least $650 million with bogus claims that investor money would be used to acquire licensing rights to films that HBO and Netflix purportedly had agreed to distribute abroad.” Horwitz pleaded guilty to the charges in October 2021. According to Monday’s news release, Horwitz, 35, received a 240-month prison sentence and must pay $230 million in restitution. Prosecutors alleged that between 2014 and 2019, the actor obtained hundreds of millions of dollars in loans for his film company by claiming that the money would be used to purchase distribution rights to movies that would be used to stream on platforms like HBO and Netflix. Prosecutors said that Horwitz, however, instead used the money to …