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

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

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

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst

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.

Reporting by Eric Beech; Editing by Mohammad Zargham