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Film financier Jason Cloth indicted in alleged $100M Ponzi scheme tied to movie funding
Washington Times
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Jason Cloth, a Canadian film financier, was indicted by a federal grand jury in Chicago on charges of wire fraud and money laundering. Prosecutors allege he raised more than $100 million from investors by misrepresenting the use of funds and diverting money intended for film projects to repay earlier investors.
Film producer Jason Cloth, who financed "Joker," "Ghostbusters: Afterlife" and dozens of other movies, has been indicted by a federal grand jury on wire fraud charges in connection with what prosecutors say was a $100 million Ponzi scheme. ...
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