The Con August 4 2022: “The Hollywood Mogul Con” on ABC
On Thursday August 4 2022 at 10pm ET/PT, ABC presents the new “The Hollywood Mogul Con” episode of “The Con”.
The Hollywood Mogul Con – Season 2, Episode 2 – In 2018, Zach Horowitz, a 28-year-old actor working under the stage name “Zach Avery,” unleashed a Ponzi scheme on the film industry. He raised more than $690 million from “five principal investors” using legally binding debt agreements in the form of promissory notes. Horowitz started soliciting money from investors on behalf of 1inMM Productions, his film production company, which was backed by fake distribution deals and the fake rights agreements. He borrowed money for six months to a year promising a return of up to 40 percent on the investment, telling investors the production intended to use their money to secure the distribution rights to various films in regional geographies and then sell those rights to streamers such as Netflix and HBO. The con was up when F.B.I. agents arrested Horowitz at his $5.7 million home in Beverlywood. The Securities and Exchange Commission charged him with securities fraud, seeking an immediate freeze of his assets and the return of “ill-gotten gains.”
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About The Con
The series explores the troubling tales of people taken in by claims and promises that proved too good to be true, from identity fraud and misleading romance to the high-profile college admission scandal and Fyre Festival. It will reveal how the victims were fooled and the cost of their false trust – emotional and financial. “The Con” will feature interviews with the key people caught up in the cons, including victims and eyewitnesses, and, in some cases, law enforcement and the perpetrators themselves. The series will lift the curtain on the people behind some of the most outrageous cons ever.
This show is broadcast on ABC, also known as the American Broadcasting Company.
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