Canadian film financier Jason Cloth is facing fraud charges in Illinois, where he's accused of defrauding clients out of more than $100 million US.

Cloth, 60, was charged with seven counts of wire fraud in an indictment unsealed in a District Court in Chicago.

Jason Cloth, a veteran film financier with credits on 'Joker' and 'Babylon,' has been indicted on seven counts of wire fraud.