Former MoviePass Execs Indicted on Securities Fraud Charges

Two former leaders of MoviePass have been indicted on securities fraud charges for allegedly deceiving investors about the company’s business model and sustainability. Theodore Farnsworth, the former CEO of parent company Helios & Matheson, and Mitchell Lowe, the former CEO of MoviePass, were each charged with one count of securities fraud and three counts of wire fraud.

Source: Former MoviePass Execs Indicted on Securities Fraud Charges

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