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Jason Cloth, a Canadian financier with executive producer credits on dozens of films like Joker, Licorice Pizza and House of Gucci, has been indicted for allegedly defrauding investors out of $100 million.
Cloth was arrested on Tuesday in Los Angeles. He faces seven counts of wire fraud, according to an indictment unsealed in federal court in Chicago.
In 2024, Cloth stepped down as co-head of C2 Motion Picture Group as he fielded allegations of fraud on a number of projects. The announcement came a week after a Florida jury found that he scammed an investor out of millions of dollars for the production of a slate of movies, including Ghostbusters: Afterlife, Monkey Man and NBA docuseries The Pathway.
Since 2021, he and his former financing company Creative Wealth Media, which declared bankruptcy in 2023, have been named in at least four lawsuit accusing him of shuffling investments around various entities to repay outstanding loans.
