{"id":21360,"date":"2026-07-29T22:05:25","date_gmt":"2026-07-29T17:05:25","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=21360"},"modified":"2026-07-29T22:05:25","modified_gmt":"2026-07-29T17:05:25","slug":"hollywood-producer-jason-cloth-arrested-for-alleged-100m-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=21360","title":{"rendered":"Hollywood producer Jason Cloth arrested for alleged $100M Ponzi scheme"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content%2Fuploads%2Fsites%2F2%2F2026%2F07%2Fcomp-12-4.jpg?quality%3D90%26strip%3Dall\" \/><\/p>\n<div>\n<p>Jason Cloth, a high-profile Hollywood financier and executive producer whose company Creative Wealth Media backed major box-office hits such as \u201cJoker,\u201d has been arrested in LA following a federal grand jury indictment unsealed in US District Court in Chicago.<\/p>\n<p>Cloth, 60, faces seven counts of wire fraud for allegedly orchestrating a massive, years-long financial scheme that defrauded investors and advisory firms out of more than $100 million.<\/p>\n<p>Federal prosecutors allege Cloth solicited high-dollar investments under the guise of funding movie, television, and gaming entertainment projects.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>High-profile Hollywood bigwig Jason Cloth has been arrested in LA following a federal grand jury indictment. <span class=\"credit\">Marion Curtis\/StarPix for BRON\/Shutterstock<\/span><\/figcaption><\/figure>\n<p>Instead of using the capital as promised, Cloth allegedly fabricated financial representations regarding the performance and true value of the investments.<\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>Behind the scenes, prosecutors say Cloth engaged in classic Ponzi scheme tactics by funneling fresh investor money to pay off prior investors to keep the illusion alive.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Cloth and his wife attend a film premiere. <span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>Millions of dollars were diverted into unauthorized personal ventures, including the development of a real estate project in Canada.<\/p>\n<p>The indictment seeks a forfeiture of at least $12.25 million, and each wire fraud count carries a maximum penalty of up to 20 years in federal prison.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption class=\"wp-element-caption\"> <span class=\"credit\">Eric Charbonneau\/Shutterstock<\/span><\/figcaption><\/figure>\n<div class=\"single__inline-module inline-module inline-module--newsletter aligncenter inline-module--nypostbusinessunit aligncenter wp-block-nypost-editor-newsletter\" data-source-unit=\"Inline Newsletter Module Cali - 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Cloth, 60, faces seven counts of wire fraud for allegedly orchestrating a massive, years-long financial scheme&#8230;<\/p>\n","protected":false},"author":1,"featured_media":21361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/comp-12-4.jpg?quality=75&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-21360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pics-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/21360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21360"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/21360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/21361"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}