Hollywood producer arrested over alleged $100 million Ponzi scheme
- An investor behind multiple hit films including the critically acclaimed Joker has been arrested for allegedly masterminding a Ponzi scheme that swindled clients out of over $100 million.
- Jason Cloth, 60, of Beverly Hills, has been charged with seven counts of wire fraud in Chicago, authorities announced Wednesday.
- He was arrested Tuesday and made his initial court appearance in Los Angeles.
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- An investor behind multiple hit films including the critically acclaimed Joker has been arrested for allegedly masterminding a Ponzi scheme that swindled clients out of over $100 million.
- Jason Cloth, 60, of Beverly Hills, has been charged with seven counts of wire fraud in Chicago, authorities announced Wednesday.
- He was arrested Tuesday and made his initial court appearance in Los Angeles.
Sources: The Independent