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

Federal prosecutors accuse Cloth of diverting funds meant for films and TV shows to other purposes, including to repay prior investors.

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 We

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

A Canadian film producer has been arrested and charged with seven counts of wire fraud after allegedly engaging in a Ponzi scheme by using US$100 million in investor funds to repay prior investors.

High-profile Hollywood financier and executive producer Jason Cloth has been arrested in LA following a federal grand jury indictment unsealed in US District Court in Chicago.

Canadian Hollywood financier Jason Cloth arrested and charged with wire fraud  Toronto Star