Canadian film financier Jason Cloth indicted on fraud charges in United States

CityNews Toronto

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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.

Canadian film financier Jason Cloth is facing fraud charges in Illinois, where he's accused of bilking clients out of more than $100 million. ...

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Canadian film financier Jason Cloth indicted on fraud charges in United States

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