A film producer is facing federal charges for allegedly running a Ponzi scheme. The producer, who is behind several award-winning movies, is accused of defrauding clients of over $100 million. The charges were announced by the Department of Justice, which stated that the producer solicited investments for entertainment projects through his company.

Authorities claim that the producer made false representations to obtain the investments. Further details about the case are available from the Department of Justice. The producer, a 60-year-old man from Beverly Hills, has been charged with seven counts of wire fraud.