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Federal Grand Jury in Chicago Indicts Film Producer for Allegedly Defrauding Clients of More Than $100 Million
U.S. Department of Justice Press
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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.
JASON CLOTH allegedly obtained more than $100 million from investors based on false representations. ...
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