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U.S. prosecutors and the Securities and Exchange Commission released documents this week alleging Zachary Horwitz, 34, was running a massive Ponzi scheme. His scam: a made-up story that he had exclusive deals to sell films to Netflix and HBO. Dating back to 2014, the SEC said he raised a shocking $690 million in fraudulent funds. On Tuesday, Horwitz was arrested. (AP file photo, Elise Amendola)A Cuban-American freediver who set 21 world records sued Netflix Inc. for defamation, claiming the media giant wrongly depicted him as a murderer in the 2022 film No Limits.
Originally published at Bloomberg