April 07, 2021 BY Steffy Bogdanova

SEC obtains emergency asset freeze on a $690 million Ponzi Scheme

Horwitz and 1inMM allegedly promised investors more than 35% in returns and for years paid presumed returns on earlier investments with money from new investments. The SEC claims that Horwitz misappropriated investor funds for his personal use. He purchased a multi-million-dollar home, trips to Las Vegas, and to paid a celebrity interior designer. Michele Wein…

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