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Hollywood Producer Accused in $100M Ponzi Scheme | Oakland News
Hollywood producer Jason Cloth, known for “Joker” and “Ghostbusters: Afterlife,” is facing seven wire fraud charges after allegedly running a $100 million Ponzi scheme through his Canadian company. Prosecutors say he diverted investor funds to a real estate venture and used new investors’ money to pay earlier ones — a classic scam that’s now collapsing. Arrested in LA, Cloth could face up to 20 years per charge and asset seizures of $12.25 million. Victims are urged to report via fbi.gov/jasonclothvictims. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn…
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