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The Nexus
CRIMEJul 29 · 23:23 UTCAP NEWS

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

Film financier Jason Cloth has been indicted on wire fraud charges related to a $100 million Ponzi scheme tied to movie funding. The indictment alleges he used investor money for projects like Canadian real estate and to pay earlier investors, rather than the films and video game platform he claimed. He faces seven counts of wire fraud and potential prison time.

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Mentioned
Jason ClothpersonCreative Wealth Media Finance Corp.organizationU.S. Attorney’s Office for the Northern District of IllinoisorganizationFBIorganizationOntario Securities CommissionorganizationJokertopicGhostbusters: Afterlifetopic
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