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U.S. SEC charges actor with operating $690 million Ponzi scheme

EconomyApr 06, 2021 09:10PM ET
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© Reuters. FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Tuesday it had charged actor Zachary Horwitz with operating a $690 million Ponzi scheme.

U.S. SEC charges actor with operating $690 million Ponzi scheme
 

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Comments (5)
Chris Sundo
Chris Sundo Apr 07, 2021 4:21AM ET
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Cool. Sure hope the penalties exceeded the benefits by at least 50%, otherwise crime still pays
Roger Miller
Roger Miller Apr 06, 2021 11:49PM ET
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SEC needed a headline to distract from all the other big bank shananigans. I wonder if the SEC had this guy on the back burner, but waited until until needed a distraction to charge him?
Adam Paine
Adam Paine Apr 06, 2021 10:16PM ET
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SEC should be looking into Morgan Stanley, but I'm sure they won't
Sab Baby
SabSabBaby Apr 06, 2021 9:57PM ET
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So, the bigger thief is accusing the smaller thief of highway robbery, how pathetic!
Joel Schwartz
Joel Schwartz Apr 06, 2021 9:04PM ET
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Audit the FED next
 
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