Canadian Producer Jason Cloth Indicted in $100 Million Film-Finance Fraud
TL;DR Summary
Canadian financier and producer Jason Cloth was indicted in Chicago on seven counts of wire fraud for allegedly diverting over $100 million from investors through Creative Wealth Media and related entities, funds used for other projects and to repay prior investors. Cloth had stepped down as co-head of C2 Motion Picture Group in 2024 amid fraud allegations and was arrested in Los Angeles; the case ties to Bron Studios’ bankruptcy and several lawsuits accusing him of shuffling investments. He faces up to 20 years in prison on each count and potential forfeiture of at least $12.25 million.
Topics:entertainment#bron-studios#business#creative-wealth-media#jason-cloth#ponzi-scheme#wire-fraud
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