'Joker' producer defrauded Illinois investors in $100 million Ponzi scheme, feds say
<p>A Hollywood movie producer with credits on "Joker" and "Ghostbusters: Afterlife" was charged this week with running a $100 million Ponzie scheme that ensnared several Illinois investors, the Department of Justice announced.</p><p>Jason Cloth, 60, of Beverly Hills, was arrested Tuesday in Los Angeles and appeared in court there on seven counts of wire fraud, according to a statement from the U.S. Attorney Andrew Boutros, of the Northern District of Illinois.
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<p>A Hollywood movie producer with credits on "Joker" and "Ghostbusters: Afterlife" was charged this week with running a $100 million Ponzie scheme that ensnared several Illinois investors, the Department of Justice announced.</p><p>Jason Cloth, 60, of Beverly Hills, was arrested Tuesday in Los Angeles and appeared in court there on seven counts of wire fraud, according to a statement from the U.S. Attorney Andrew Boutros, of the Northern District of Illinois. The indictment, filed in Illinois, was unsealed Tuesday.</p><p>Cloth operated Canada-based Creative Wealth Media Finance Corp. and, for the past seven years, solicited clients, including an investment adviser in Illinois, to invest in film and entertainment projects, prosecutors say.</p><p>Cloth got more than $100 million from the Illinois investment adviser, the adviser’s clients and other investors based on false representations, according to the indictment.
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- <p>A Hollywood movie producer with credits on "Joker" and "Ghostbusters: Afterlife" was charged this week with running a $100 million Ponzie scheme that ensnared several Illinois investors, the Department of Justice announced.</p><p>Jason Cloth, 60, of Beverly Hills, was arrested Tuesday in Los Angeles and appeared in court there on seven counts of wire fraud, according to a statement from the U.S. Attorney Andrew Boutros, of the Northern District of Illinois.
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'Joker' producer defrauded Illinois investors in $100 million Ponzi scheme, feds say
Sources1TypeCoverageChicago Sun-Times