Hollywood Producer Jason Cloth Charged in $100 Million Ponzi Scheme
Hollywood producer Jason Cloth, known for financing films like 'Joker' and 'Babylon,' has been indicted on seven counts of wire fraud for allegedly orchestrating a $100 million Ponzi scheme.
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Hollywood producer charged with seven counts of wire fraud in $100m scheme
Jason Cloth of Joker and The Green Knight diverted funds from entertainment investors toward his personal life A federal grand jury in Chicago has charged Hollywood producer Jason Cloth with seven counts of wire fraud for allegedly defrauding investors of $100m, according to federal authorities. Cloth, who has credits on the blockbuster 2019 film Joker and critically acclaimed hits like The Green Knight, told investors their funds would go toward a motion picture and a gaming entertainment i...
By Uwa Ede-Osifo
Read full article →Canadian film producer Jason Cloth faces fraud charges in U.S.
Canadian film financier Jason Cloth is facing fraud charges in Illinois, where he's accused of defrauding clients out of more than $100 million US.
Read full article →Hollywood producer arrested over alleged $100 million Ponzi scheme
The new charges come two years after another fraud accusation stemming from an NBA draft documentary
By Brittney Donovan
Read full article →Jason Cloth, ‘Babylon’ and ‘Joker’ Financier, Indicted in Alleged $100 Million Ponzi Scheme
Jason Cloth, a financier with executive producer credits on “Joker,” “Babylon,” and “Ghostbusters: Afterlife,” has been indicted in Chicago on allegations that he ran a $100 million Ponzi scheme. Cloth, 60, faces seven counts of wire fraud for allegedly lying to investors about how their money would be used. According to the indictment, he took […]
By Gmaddaus
Read full article →Producer Jason Cloth Indicted Over Alleged $100 Million Ponzi Scheme
Federal prosecutors accuse Cloth of diverting funds meant for films and TV shows to other purposes, including to repay prior investors.
By Winston Cho
Read full article →‘Joker’ & ‘Longlegs’ Producer Jason Cloth Charged In $100M Ponzi Scheme
Jason Cloth, a film producer with dozens of credits including Joker, Longlegs and Babylon, is facing numerous federal fraud charges and decades in prison in connection with a Ponzi scheme that bilked investors of more than $100 million. Prosecutors say that Cloth, 60, of Beverly Hills, operated Canada-based Creative Wealth Media Finance Corp and solicited […]
By Erik Pedersen
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