A little-known Los Angeles-based actor was reportedly arrested by the FBI on Tuesday for allegedly running an enormous Ponzi scheme in which he duped investors by lying about the success of his film distribution company.

Zachary Horwitz, 34, who has had roles in small films under the name Zach Avery, is accused of cheating investors out of $227 million and using most of the funds for himself, the Los Angeles Times reported, citing federal authorities.

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