LA Actor Zachary Horwitz Gets 20-Years In Prison For $650M Ponzi Scheme
Zachary Horwitz ran an elaborate $650 million Ponzi scheme centered around fake film distribution rights.
Zachary Horwitz ran an elaborate $650 million Ponzi scheme centered around fake film distribution rights.
Two pastors of a Westminster storefront church have been charged by the Securities and Exchange Commission with running it as a Ponzi scheme, stealing as much as $25 million from 442 victims in the Vietnamese community.
Joe Hunt gained notoriety in the 1980s at the helm of the so-called Billionaire Boys Club, a group of well-to-do young men who ran a massive Ponzi scheme to fund their lavish lifestyle. Now, he's asking for Gov. Jerry Brown's and the public's help for his release.
Federal investigators say former USC quarterback Mark Sanchez and several other pro athletes were cheated out of more than $30 million.
A spokesperson for Ancier released a statement that said the apology was accompanied by an undisclosed monetary payment but acknowledged it was "in the seven figures."
A Los Angeles clergyman who ran a Ponzi scheme that cost investors $4.6 million has been sentenced to 10 years in federal prison.
A pastor at a Chatsworth church, who pleaded guilty to bilking more than 82 people out of nearly $7 million, has been sentenced to more than 10 years in federal prison.
A U.S. attorney's statement says that 66-year-old Michael Stewart of Phoenix and 63-year-old John Packard of Long Beach were arrested Wednesday.
A Riverside man has been sentenced to 26 years in prison for bilking victims across three states of millions in a real estate Ponzi scheme.
Adam Boskovich, of Laguna Niguel, has surrendered on a warrant to face charges of cheating 80 Orange County investors out of millions of dollars.
Two licensed insurance agents will appear in court Friday on charges they ran a $1.3 million Ponzi scheme targeting Latino investors, many of them senior citizens.
The concert promoter of events featuring Christian rock bands was sentenced to 57 months in federal prison for a wire fraud scheme that bilked nearly $1 million from investors.
A man who had been a fugitive for more than five years after being indicted for allegedly running a "large-scale Ponzi scheme" is scheduled to be arraigned Tuesday morning.
An Orange County man has been convicted of scamming dozens of elderly people out of about $2.8 million dollars.
A Chatsworth man pleaded guilty Tuesday to scamming nearly $13.5 million from his friends and family members who thought they were financing a wholesale business that distributed NASCAR merchandise.
Three former elementary school PTA members have been arrested and charged with running an alleged Ponzi scheme in Southern California that defrauded more than 40 people out of millions.
Tobey Maguire didn't just win $300,000 from a man convicted of running a Ponzi scheme -- the actor's attorney notes he also lost $168,500 to the convicted con man.
A veteran real estate broker and former Irvine planning commissioner has agreed to plead guilty to interstate wire fraud in federal court, admitting he cheated 34 people out of more than $4 million.
The head of National Lampoon Inc. was arrested Wednesday in West Hollywood in an alleged Ponzi scheme involving about $200 million.
Prosecutors say Peter Frommer entered pleas in federal court Tuesday to wire fraud, money laundering and failing to file taxes. He faces up to 33 years in prison.
Watts will raise awareness of serious issues impacting Californians, hold local officials accountable, obtain answers for viewers and provide solutions.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
A man was taken to the hospital after being shot by police officers in Torrance early Thursday morning.
A juror who was chosen to serve earlier this week said she "definitely has concerns now" after friends and family asked her if she was a juror.
William, the Prince of Wales, spent weeks out of public view to be there for Kate as she undergoes treatment for an unspecified cancer.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
A man was taken to the hospital after being shot by police officers in Torrance early Thursday morning.
Deputies say the dog, Kjeld, was wearing a bulletproof vest, which absorbed the brunt of the gunshot.
A juror who was chosen to serve earlier this week said she "definitely has concerns now" after friends and family asked her if she was a juror.
William, the Prince of Wales, spent weeks out of public view to be there for Kate as she undergoes treatment for an unspecified cancer.
A man was taken to the hospital after being shot by police officers in Torrance early Thursday morning.
The driver was uninjured in the crash, but taken into custody on suspicion of driving under the influence.
Four suspects were recently arrested in connection with the gang-related shooting that left 51-year-old U.S. Army veteran Mario Morales-Moreno dead when he was hit by a stray bullet while gardening.
The home, which appears to be two different structures made out of wood, tent and tarps, is nestled along the 110 Freeway and even appears to have a side yard.
Deputies claim that they opened fire because the suspect was brandishing a gun at the park at around 5 p.m.
The person was hospitalized in unknown condition after a shooting in the 2800 block of Ball Road.
The highly controversial DisneylandForward proposal to expand the world-famous park and bring with it nearly $2 billion in new rides, attractions, restaurants and shops was given a key green light by the Anaheim City Council after an hours-long, heated meeting.
The woman was airlifted to a hospital in unknown condition after her car plummeted more than 150 feet down an embankment in Newport Beach on Tuesday.
Chance Brannon, 24, was sentenced to nine years in federal prison for his part in a firebombing attack on a Planned Parenthood clinic in Costa Mesa in March 2022.
The woman convicted of killing a pregnant mother while driving under the influence faced the victim's grieving family during her sentencing hearing on Thursday.
The goats were taken late Monday evening. Farm workers say that all of them were either pregnant or now leave babies behind during a crucial point in their young lives.
Deputies arrested the man after witnessing him performing driving stunts with a 3-year-old child in the back of his vehicle.
While thousands of teachers face the looming threat of layoffs across California, one Inland Empire school district is looking to create an employment trend in the opposite direction.
The plane crashed late Saturday evening just north of Devil's Canyon, but weather prevented them from responding to the area until Sunday morning, according the San Bernardino County Sheriff's Department.
The USGS map detecting where the quake was felt, notes that about 60 miles away, Coachella music festival goers camping out, or staying in the area may have felt it.
"No teacher should have to lie as part of their job". Ross Palombo talks to a teacher in the Los Angeles Unified School who says he was told to lie about class attendance, which is how the state calculates funding from your tax dollars.
The CDC recommends that at least 95% of students have the MMR vaccine in order to lower the risk of measles outbreaks at their school, but a recent KCAL News investigation shows that hundreds of SoCal schools are well below that number.
For months, migrants have arrived in Los Angeles on controversial buses chartered from Texas. With a lack of coordination from the Lone Star state, community groups stepped in to help bring things under control and helped hundreds across Southern California.
KCAL senior reporter Ross Palombo gets an unprecedented look into the tactics the LAPD uses to stop retail theft.
A federal court ruling involving a controversial arrest within Moreno Valley Unified School District could lead to big changes in school policies nationwide.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
A juror who was chosen to serve earlier this week said she "definitely has concerns now" after friends and family asked her if she was a juror.
Hurricane Maria nearly wiped out an endangered parrot in Puerto Rico, highlighting the grave threat climate change-fueled storms pose to endangered species.
Workers said they're seeking higher pay, a safe and sanitary workplace and transparency in scheduling and rehiring.
America's mail carriers don't just face bad weather and aggressive dogs — they're also increasingly targets of violent crime.
A juror who was chosen to serve earlier this week said she "definitely has concerns now" after friends and family asked her if she was a juror.
The Senate's 51-member Democratic majority voted to dismiss both charges as unconstitutional over the objections of Republican members.
In her second State of the City address, Mayor Karen Bass tried to strike a balance of optimism and realism while tackling many issues affecting Los Angeles.
Idaho Gov. Brad Little, a Republican, signed a bill into law last year that prohibits gender-affirming medical treatments for transgender minors.
California Attorney General announced a lawsuit filed by the state on Monday to challenge the legality of a voter-identification measure that was recently approved by Huntington Beach residents.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
When, who and how much to tip is becoming more of a question in consumers' minds.
One in four college students says they have credit card debt, according to a new survey by U.S. News and World Report. And with interest rates topping 20 percent, those students could be in debt for years. On Your Side's Kristine Lazar has more on the biggest mistakes college students are making with their credit cards.
Fewer than a third of Americans have a will. Experts say that could lead to confusion and money loss when someone dies without one. On Your Side's Kristine Lazar has expert tips on who needs a will and how to create one.
Choosing random numbers increases your chances of not having to split the prize money should you win.
California law says genetic testing companies have to get your permission before they store, use or sell your DNA, but the state itself doesn't have to get your permission and has been storing DNA samples from every baby born there since the '80s. Lawmakers want to change that, but face an uphill battle.
Fentanyl test strips used to be illegal in California. Now, state law requires them on community and state college campuses and they're popping up everywhere from vending machines to bars. They're intended to help young people avoid fentanyl-laced counterfeit prescription pills and tainted recreational drugs. But as fentanyl test strips are normalized – from high school to college to bachelor parties – experts warn test strips alone can provide a false sense of security, and in some cases do more harm than good. We put fentanyl test strips to the test, and what we found could save someone you know.
Dr. Gary Gibbon is now cancer-free, six months after the first-ever lung-liver transplant on a cancer patient.
Preventative chemotherapy, which is usually referred to as "adjuvant chemotherapy," is an early treatment that is used to reduce the chances of cancer returning.
Actress Olivia Munn's cancer diagnosis is raising awareness for women to seek additional screening for breast cancer after her traditional testing failed to show any signs.
Robotaxis are hitting the streets of Los Angeles.
Disney is seeking approval from local officials to expand its California theme park offerings over the next four decades.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
Southern California Edison will pay $80 million to settle claims on behalf of the U.S. Forest Service connected to a massive wildfire that destroyed more than a thousand homes and other structures in 2017.
As he closes in on the Republican presidential nomination, former President Donald Trump made a highly unusual stop.
Carter won the Stanley Cup twice during his career while playing for the Penguins, Kings, Blue Jackets, and Flyers.
Anthony Rendon and Taylor Ward hit run-scoring singles off struggling closer Pete Fairbanks in the ninth inning and the Los Angeles Angels beat the Tampa Bay Rays 5-4.
CJ Abrams homered in the first at-bat of the game and the Washington Nationals beat the Los Angeles Dodgers 2-0 to take the series.
Jontay Porter is the second person to be banned from the league for violating league rules after now-former Los Angeles Clippers owner Donald Sterling in 2014.
Mookie Betts tied his career high with five hits, doubling twice and driving in two runs to lead the Los Angeles Dodgers 6-2.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
William, the Prince of Wales, spent weeks out of public view to be there for Kate as she undergoes treatment for an unspecified cancer.
In the 1,000th episode, titled "A Thousand Yards," NCIS comes under attack by a mysterious enemy from the past.
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."
An auction of items from the late actress Raquel Welch was a massive success, fetching over $1.08 million, three and a half times higher than the most hopeful estimates, officials said Saturday.
It will be cooler and partly cloudy this morning. Temperatures will be in the 60s at the beaches, 70s for LA/OC Metro and 80s in the Valleys.
Many residents along the Rancho Palos Verdes coast are concerned about landslides as the earth continues to move in the area. KCAL News reporter Rick Montanez has the latest.
Dolores Huerta, the civil rights activist who fought alongside Cesar Chavez, was celebrated in downtown Los Angeles on Wednesday for her 94th birthday.
Investigators say that the driver was uninjured in the crash but was arrested on suspicion of DUI.
In this episode of "Look at This!," Desmond Shaw takes us to the famed Washington Park, home to one of the nation's steepest residential streets with an interesting history dating back to the early 1900s.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The Academy Awards will hand out filmmaking's top honor in 23 categories during the 2024 Oscars at the Dolby Theatre in Hollywood, starting at 7 p.m. Eastern, 4 p.m. PDT.
Shots from the PGA's Genesis Invitational golf tournament held at the Riviera Golf Club in the Pacific Palisades.
Even a potentially historic storm bearing down on California couldn't keep the stars away from the red carpet ahead of the 66th Grammy Awards in Los Angeles.
Who are your favorite celebrities wearing for the 2024 Golden Globe Awards? Check out our red carpet fashion photo gallery!