Film producer accused of defrauding clients out of over $100 million, running Ponzi scheme

Source CBS Local
Original Load Date July 29, 2026, 1 p.m.
Last Updated July 29, 2026, 1 p.m.
Original URL https://www.cbsnews.com/chicago/news/film-producer-accused-defrauding-clients-ponzi-scheme/

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A federal grand jury in Chicago has indicted a film producer on charges that he defrauded clients out of more than $100 million. The U.S. Attorney's office said Jason Cloth, 60, of Beverly Hills, California, solicited clients to invest in purported film and entertainment products in a Ponzi scheme....