Hollywood Producer Indicted in $100 Million Investment Fraud Scheme
TL;DR Summary
Hollywood producer Jason Cloth, known for Joker, was indicted in Chicago on seven counts of wire fraud for allegedly running a Ponzi-like scheme that defrauded investors of more than $100 million through Creative Wealth Media Finance Corp., using funds for other ventures including Canadian real estate and to pay back earlier investors; he was arrested in Los Angeles and faces up to 20 years per count, with at least $12.25 million in forfeiture sought.
- Hollywood producer Jason Cloth, known for 'Joker,' indicted in alleged $100 million fraud scheme, federal prosecutors say ABC7 Los Angeles
- Hollywood producer charged with seven counts of wire fraud in $100m scheme The Guardian
- ‘Joker’ executive film producer indicted for allegedly defrauding clients out of $100 million Los Angeles Times
- Jason Cloth, ‘Babylon’ and ‘Joker’ Financier, Indicted in Alleged $100 Million Ponzi Scheme Variety
- ‘Joker’ & ‘Longlegs’ Producer Jason Cloth Charged In $100M Ponzi Scheme Deadline
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