{"id":61276,"date":"2026-07-29T19:34:41","date_gmt":"2026-07-30T02:34:41","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=61276"},"modified":"2026-07-29T19:35:36","modified_gmt":"2026-07-30T02:35:36","slug":"beverly-hills-film-producer-faces-federal-charges-in-100-million-fraud-case","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=61276","title":{"rendered":"Beverly Hills Film Producer Faces Federal Charges in $100 Million Fraud Case"},"content":{"rendered":"<p title=\"\" data-start=\"132\" data-end=\"345\"><strong><em><span style=\"font-size: 21px;\">Beverly Hills producer Jason Cloth is accused of defrauding investors through purported film, entertainment and gaming ventures, with prosecutors alleging a Ponzi-style scheme that diverted more than $100 million.<\/span><\/em><\/strong><\/p>\n<p style=\"text-align: left;\" data-start=\"378\" data-end=\"623\"><span style=\"font-size: 20px;\"><strong data-start=\"378\" data-end=\"389\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-59794 alignright\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2025\/09\/ujpmmc5z1pg-225x300.jpg\" alt=\"tufted black chairs inside building with no people\" width=\"225\" height=\"300\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2025\/09\/ujpmmc5z1pg-225x300.jpg 225w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2025\/09\/ujpmmc5z1pg-768x1024.jpg 768w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2025\/09\/ujpmmc5z1pg-300x400.jpg 300w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2025\/09\/ujpmmc5z1pg-850x1133.jpg 850w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2025\/09\/ujpmmc5z1pg.jpg 900w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/>CHICAGO<\/strong> \u2014 A federal grand jury in Chicago has indicted a Beverly Hills, California, film producer on allegations he defrauded investors of more than $100 million by soliciting investments in purported film, entertainment and gaming projects, officials announced Wednesday.<\/span><\/p>\n<p style=\"text-align: right;\" data-start=\"625\" data-end=\"855\"><span style=\"font-size: 20px;\">Jason Cloth, 60, was charged with seven counts of wire fraud in an indictment unsealed Tuesday in U.S. District Court in Chicago. He was arrested Tuesday in Los Angeles and made his initial court appearance in federal court there.<\/span><\/p>\n<h3 style=\"text-align: left;\" data-section-id=\"e78jsw\" data-start=\"2368\" data-end=\"2387\"><span style=\"font-size: 21px;\" role=\"text\"><strong data-start=\"2372\" data-end=\"2387\">Quick Facts<\/strong><\/span><\/h3>\n<ul data-start=\"2388\" data-end=\"3117\">\n<li data-section-id=\"1gspgt8\" data-start=\"2388\" data-end=\"2450\"><span style=\"font-size: 20px;\"><strong data-start=\"2390\" data-end=\"2404\">Defendant:<\/strong> Jason Cloth, 60, of Beverly Hills, California<\/span><\/li>\n<li data-section-id=\"1p0twck\" data-start=\"2451\" data-end=\"2492\"><span style=\"font-size: 20px;\"><strong data-start=\"2453\" data-end=\"2465\">Charges:<\/strong> Seven counts of wire fraud<\/span><\/li>\n<li data-section-id=\"1d23e4r\" data-start=\"2493\" data-end=\"2536\"><span style=\"font-size: 20px;\"><strong data-start=\"2495\" data-end=\"2513\">Alleged fraud:<\/strong> More than $100 million<\/span><\/li>\n<li data-section-id=\"rawd3x\" data-start=\"2537\" data-end=\"2567\"><span style=\"font-size: 20px;\"><strong data-start=\"2539\" data-end=\"2557\">Scheme period:<\/strong> 2019\u20132026<\/span><\/li>\n<li data-section-id=\"17py7ol\" data-start=\"2568\" data-end=\"2628\"><span style=\"font-size: 20px;\"><strong data-start=\"2570\" data-end=\"2592\">Business involved:<\/strong> Creative Wealth Media Finance Corp.<\/span><\/li>\n<li data-section-id=\"1yb0dof\" data-start=\"2629\" data-end=\"2708\"><span style=\"font-size: 20px;\"><strong data-start=\"2631\" data-end=\"2651\">Alleged victims:<\/strong> Illinois investment adviser, clients and other investors<\/span><\/li>\n<li data-section-id=\"gpnvz8\" data-start=\"2709\" data-end=\"2812\"><span style=\"font-size: 20px;\"><strong data-start=\"2711\" data-end=\"2739\">Alleged misuse of funds:<\/strong> Film projects, gaming investments and a Canadian real estate development<\/span><\/li>\n<li data-section-id=\"1kdxyap\" data-start=\"2813\" data-end=\"2912\"><span style=\"font-size: 20px;\"><strong data-start=\"2815\" data-end=\"2841\">Additional allegation:<\/strong> Ponzi-style scheme using new investor money to repay earlier investors<\/span><\/li>\n<li data-section-id=\"13ytmpr\" data-start=\"2913\" data-end=\"2961\"><span style=\"font-size: 20px;\"><strong data-start=\"2915\" data-end=\"2937\">Forfeiture sought:<\/strong> At least $12.25 million<\/span><\/li>\n<li data-section-id=\"1g7qxh2\" data-start=\"2962\" data-end=\"3030\"><span style=\"font-size: 20px;\"><strong data-start=\"2964\" data-end=\"2984\">Maximum penalty:<\/strong> Up to 20 years in prison per wire fraud count<\/span><\/li>\n<li data-section-id=\"uim289\" data-start=\"3031\" data-end=\"3117\"><span style=\"font-size: 20px;\"><strong data-start=\"3033\" data-end=\"3054\">Victim reporting:<\/strong> FBI seeking potential victims through an online reporting form.<\/span><\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"Hollywood movie producer indicted in alleged $100 million fraud scheme\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/3oJWHG_kWFo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p data-start=\"857\" data-end=\"1163\"><span style=\"font-size: 20px;\">According to the indictment, Cloth operated Canada-based Creative Wealth Media Finance Corp. From 2019 through 2026, he allegedly persuaded investors, including an Illinois investment adviser and the adviser&#8217;s clients, to invest in purported film and entertainment projects or a gaming investment platform.<\/span><\/p>\n<p data-start=\"1165\" data-end=\"1475\"><span style=\"font-size: 20px;\">Prosecutors allege Cloth fraudulently obtained more than $100 million by making false representations about the value and performance of the investments. Instead of using the money as promised, prosecutors say he diverted investor funds for other purposes, including developing a real estate project in Canada.<\/span><\/p>\n<p data-start=\"1477\" data-end=\"1711\"><span style=\"font-size: 20px;\">The indictment also alleges Cloth operated a Ponzi-style scheme by using money from new investors to repay earlier investors. Prosecutors are seeking forfeiture of at least $12.25 million tied to projects identified in the indictment.<\/span><\/p>\n<p data-start=\"1713\" data-end=\"1966\"><span style=\"font-size: 20px;\">The case was announced by U.S. Attorney Andrew S. Boutros for the Northern District of Illinois and Ryan Whalen, acting special agent in charge of the FBI&#8217;s Chicago Field Office. The U.S. Securities and Exchange Commission assisted in the investigation.<\/span><\/p>\n<p data-start=\"1968\" data-end=\"2044\"><span style=\"font-size: 20px;\">If convicted, Cloth faces up to 20 years in prison on each wire fraud count.<\/span><\/p>\n<p data-start=\"2046\" data-end=\"2292\"><span style=\"font-size: 20px;\">Federal authorities are asking anyone who believes they may have been a victim of the alleged fraud involving Creative Wealth Media Finance Corp. or other entities associated with Cloth to contact the FBI through its online victim reporting form.<\/span><\/p>\n<p data-start=\"2294\" data-end=\"2361\"><span style=\"font-size: 20px;\">Cloth is presumed innocent unless and until proven guilty in court.<\/span><\/p>\n<hr data-start=\"2363\" data-end=\"2366\" \/>\n<h3 data-section-id=\"e78jsw\" data-start=\"2368\" data-end=\"2387\"><span style=\"font-size: 20px;\" role=\"text\"><strong data-start=\"2372\" data-end=\"2387\">Quick Facts<\/strong><\/span><\/h3>\n<ul data-start=\"2388\" data-end=\"3117\">\n<li data-section-id=\"1gspgt8\" data-start=\"2388\" data-end=\"2450\"><span style=\"font-size: 20px;\"><strong data-start=\"2390\" data-end=\"2404\">Defendant:<\/strong> Jason Cloth, 60, of Beverly Hills, California<\/span><\/li>\n<li data-section-id=\"1p0twck\" data-start=\"2451\" data-end=\"2492\"><span style=\"font-size: 20px;\"><strong data-start=\"2453\" data-end=\"2465\">Charges:<\/strong> Seven counts of wire fraud<\/span><\/li>\n<li data-section-id=\"1d23e4r\" data-start=\"2493\" data-end=\"2536\"><span style=\"font-size: 20px;\"><strong data-start=\"2495\" data-end=\"2513\">Alleged fraud:<\/strong> More than $100 million<\/span><\/li>\n<li data-section-id=\"rawd3x\" data-start=\"2537\" data-end=\"2567\"><span style=\"font-size: 20px;\"><strong data-start=\"2539\" data-end=\"2557\">Scheme period:<\/strong> 2019\u20132026<\/span><\/li>\n<li data-section-id=\"17py7ol\" data-start=\"2568\" data-end=\"2628\"><span style=\"font-size: 20px;\"><strong data-start=\"2570\" data-end=\"2592\">Business involved:<\/strong> Creative Wealth Media Finance Corp.<\/span><\/li>\n<li data-section-id=\"1yb0dof\" data-start=\"2629\" data-end=\"2708\"><span style=\"font-size: 20px;\"><strong data-start=\"2631\" data-end=\"2651\">Alleged victims:<\/strong> Illinois investment adviser, clients and other investors<\/span><\/li>\n<li data-section-id=\"gpnvz8\" data-start=\"2709\" data-end=\"2812\"><span style=\"font-size: 20px;\"><strong data-start=\"2711\" data-end=\"2739\">Alleged misuse of funds:<\/strong> Film projects, gaming investments and a Canadian real estate development<\/span><\/li>\n<li data-section-id=\"1kdxyap\" data-start=\"2813\" data-end=\"2912\"><span style=\"font-size: 20px;\"><strong data-start=\"2815\" data-end=\"2841\">Additional allegation:<\/strong> Ponzi-style scheme using new investor money to repay earlier investors<\/span><\/li>\n<li data-section-id=\"13ytmpr\" data-start=\"2913\" data-end=\"2961\"><span style=\"font-size: 20px;\"><strong data-start=\"2915\" data-end=\"2937\">Forfeiture sought:<\/strong> At least $12.25 million<\/span><\/li>\n<li data-section-id=\"1g7qxh2\" data-start=\"2962\" data-end=\"3030\"><span style=\"font-size: 20px;\"><strong data-start=\"2964\" data-end=\"2984\">Maximum penalty:<\/strong> Up to 20 years in prison per wire fraud count<\/span><\/li>\n<li data-section-id=\"uim289\" data-start=\"3031\" data-end=\"3117\"><span style=\"font-size: 20px;\"><strong data-start=\"3033\" data-end=\"3054\">Victim reporting:<\/strong> FBI seeking potential victims through an online reporting form<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Beverly Hills producer Jason Cloth is accused of defrauding investors through purported film, entertainment and gaming ventures, with prosecutors alleging a Ponzi-style scheme that diverted more than $100 million. CHICAGO \u2014 A&#8230;<\/p>\n","protected":false},"author":1,"featured_media":61277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-61276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Beverly Hills Film Producer Faces Federal Charges in $100 Million Fraud Case<\/title>\n<meta name=\"description\" content=\"A federal grand jury in Chicago indicted film producer Jason Cloth on wire fraud charges, alleging he defrauded investors of more than $100 million through film and entertainment investment schemes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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