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The Nexus
CRIMEJul 29 · 23:14 UTCWTOP DCWTOP Staff

Film financier Jason Cloth indicted in alleged $100M Ponzi scheme tied to movie funding

Film producer Jason Cloth has been indicted on wire fraud charges for allegedly orchestrating a $100 million Ponzi scheme tied to movie funding. The indictment alleges he solicited money from investors for film and video game projects but diverted funds to Canadian real estate and to pay earlier investors. Cloth operates a Canada-based company called Creative Wealth Media Finance Corp.

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Mentioned
Jason ClothpersonCreative Wealth Media Finance Corp.organizationFBIorganizationJokertopicGhostbusters: AfterlifetopicOntario Securities CommissionorganizationU.S. Attorney’s Office for the Northern District of Illinoisorganization
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