“Joker” Producer Accused of Defrauding Clients of Over $100M in Alleged Ponzi Scheme
“Joker” Producer Accused of Defrauding Clients of Over $100M in Alleged Ponzi Scheme
Christine PelisekWed, July 29, 2026 at 8:24 PM UTC
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Jason ClothCredit: Jeff Spicer/Getty -
Jason Cloth, 60, is charged with seven counts of wire fraud, according to prosecutors
The Hollywood film producer was arrested on Tuesday, July 28, in Los Angeles
His producing credits include Joker and Ghostbusters: Afterlife, among other films
A Hollywood film producer is accused of defrauding clients out of more than $100 million.
Jason Cloth, 60, of Beverly Hills, Calif., was charged with seven counts of wire fraud in an indictment that was unsealed in U.S. District Court in Chicago.
He was taken into custody on Tuesday, July 28, in Los Angeles, according to the U.S. Attorney’s Office in Chicago.
The producer, whose film credits include the Oscar-winning Joker, operated Canada-based Creative Wealth Media Finance Corp and allegedly solicited various clients — including an Illinois investment advisor — to invest in his production company with the funds earmarked for a gaming entertainment investment platform and a motion picture.
The alleged fraud occurred between 2019 and June 2026.
Jason ClothCredit: Eric Charbonneau/Getty
“Cloth fraudulently solicited and obtained over $100 million from the Illinois investment advisor, the advisor’s clients, and other investors … based on false representations about the performance and value of the investments,” the indictment states. “Cloth knew at the time of the investments that he would use the money for other purposes, including the development of a real estate project in Canada and for other personal purposes.”
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Cloth allegedly operated the Ponzi scheme by using some of the investors’ funds to repay prior investors.
Prosecutors are seeking forfeiture of at least $12.25 million.
According to IMDb, Cloth is also credited as a producer on Longlegs, Ghostbusters: Afterlife, Monkey Man, Babylon and The Ministry of Ungentlemanly Warfare.
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He made his initial court appearance in U.S. District Court on Tuesday in Los Angeles. Each count of wire fraud is punishable by up to 20 years in prison, according to prosecutors.
Anyone who may be a victim of Cloth’s alleged scheme is asked to contact the Chicago Field Office of the FBI by completing this short form at fbi.gov/jasonclothvictims.
on People
Source: “AOL Entertainment”
