The scheme eventually collapsed when Horwitz could no longer make payments. The legal and personal consequences were severe:
: He created fake licensing agreements and emails claiming that HBO and Netflix had agreed to distribute his films in Latin America.
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: He was ordered to pay $230 million in restitution to his victims.
Horwitz successfully convinced investors that he was a major player in the film distribution industry. His scheme relied on:
: On the day of his arrest, his wife filed for divorce.