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Jason Cloth Faces $100M Fraud Charges | Calgary News
Description
Canadian film producer Jason Cloth, known for backing big hits like “Joker” and “House of Gucci,” is facing serious legal trouble after being indicted on seven counts of wire fraud for allegedly running a $100 million Ponzi scheme. Accused of misusing investor funds for personal and unrelated expenses, Cloth is also under investigation in Ontario for allegedly diverting $70 million without authorization. His company, Creative Wealth Media Finance Corp., has shut down, and while he remains silent, investors are left scrambling as the case unfolds.
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