Film Producer Jason Cloth Indicted on Seven Wire-Fraud Counts
Canadian film producer Jason Cloth was indicted on seven wire-fraud counts in the United States, and prosecutors are seeking forfeiture of more than $12 million, according to federal authorities. The charges follow earlier reports that Cloth, known for credits such as Joker and Longlegs, allegedly ran a $100 million Ponzi-style scheme, diverting investor money intended for film and TV projects.