Hollywood producer charged with seven counts of wire fraud in $100m scheme

Jason Cloth of Joker and The Green Knight diverted funds from entertainment investors toward his personal life A federal grand jury in Chicago has charged the Hollywood producer Jason Cloth with seven counts of wire fraud for allegedly defrauding investors of $100m, according to federal authorities. Cloth, who has credits on the blockbuster 2019 film Joker and critically acclaimed hits like The Green Knight, told investors their funds would go toward a motion picture and a gaming entertainment investment platform, among other media-related projects, according to an indictment unsealed on Tuesday in the US district court for the northern district of Illinois. Instead, the grand jury found, Cloth diverted the money toward his personal life, including the development of a real estate project in Canada. Cloth told some investors their funds were inaccessible due to the bankruptcy of a production company, which according to the indictment was a false claim. He also allegedly ran a Ponzi scheme, using funds from investors to pay back his previous investors. Cloth’s alleged scheme lasted from 2019 to 2026. If Cloth is convicted of the charges, he will have to forfeit at least $12.25m and