Actor who faked movie deals sentenced to 20 years in prison for massive Ponzi scheme

An actor who admitted fabricating HBO and Netflix film deals in a $650-million Ponzi scheme that prosecutors say is the biggest in Hollywood history was sentenced Monday to 20 years in prison.

Zachary Horwitz, 35, was also ordered by U.S. District Judge Mark C. Scarsi to pay $230 million in restitution to more than 250 victims, including some who were financially ruined in what prosecutors called a crime of “staggering magnitude.”