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Former moviepass ceo mitch lowe pleaded guilty monday to a securities fraud charge, admitting that he conspired to deceive the public and investors about the sustainability of the company’s $9. Former moviepass chief executive mitch lowe has pled guilty to a securities fraud charge related to his role in swindling investors about the company’s monthly movie subscription service. He was the ceo of moviepass, a subscription service that charged members a monthly fee for movie tickets at cinemas
He has also served as an executive at netflix and the president of redbox. The doj accused him of ‘ai washing,’ lying about the capabilities of ai. The former chief executive of moviepass’ parent company has pleaded guilty to charges of securities fraud and conspiracy and could face up to 25 years in prison.
Mitch lowe, the former ceo of moviepass, faces up to five years in prison after pleading guilty to lying to investors about the company’s “unlimited” movie subscription.
An indictment was unsealed today in miami charging two florida men for their roles in a scheme to defraud investors of helios & matheson analytics inc Theodore farnsworth, former ceo of moviepass parent helios & matheson, pleaded guilty to charges of defrauding and conspiring to defraud investors. The former moviepass ceo admitted to conspiring to deceive the public and investors about the service’s sustainability. Lowe became the ceo of moviepass in the spring of 2016, taking the reins from cofounder stacy spikes
A year later, helios and matheson analytics (hmny) became the parent company of moviepass. Former moviepass ceo theodore farnsworth pleaded guilty to securities fraud and conspiracy to commit securities fraud
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