Skip to main content
See every side of every news story
Get Started
SubscribeLogin
Published • loading... • Updated

Former MoviePass executives face fraud charges

Summary by Ground News
J. Mitchell Lowe and Theodore Farnsworth allegedly schemed to defraud MoviePass investors. The men each face one count of securities fraud and three counts of wire fraud with a maximum of 20 years in prison. Farnsworth had a first appearance in DC District Court Friday after he voluntarily turned himself in.

7 Articles

KRDOKRDO
Center

Former MoviePass executives face fraud charges

By Jennifer Korn MoviePass’s former CEO and the leader of its former parent company have been indicted on securities fraud charges for deceiving investors on the sustainability and profitability of the company’s movie-a-day subscription model, according to a Department of Justice release on Friday. J. Mitchell Lowe, previous CEO of the movie ticket subscription service,

·Colorado Springs, United States
Read Full Article
WISH-TVWISH-TV
Lean Left

Former MoviePass executives face fraud charges

(CNN) -- MoviePass's former CEO and the leader of its former parent company have been indicted on securities fraud charges for deceiving investors on the sustainability and profitability of the company's movie-a-day subscription model, according to a Department of Justice release on Friday. J. Mitchell Lowe,

·Indianapolis, United States
Read Full Article
Pittsburgh Post-GazettePittsburgh Post-Gazette
Center

Former MoviePass executives face fraud charges

MoviePass's former CEO and the leader of its former parent company have been indicted on securities fraud charges for deceiving investors on the sustainability...

·Pittsburgh, United States
Read Full Article
Gwinnett Daily PostGwinnett Daily Post
Center

Former MoviePass executives face fraud charges

MoviePass's former CEO and the leader of its former parent company have been indicted on securities fraud charges for deceiving investors on the sustainability and profitability of the company's movie-a-day subscription model, according to a Department of Justice release on…

·Georgia, United States
Read Full Article
CNNCNN
Lean Left

Former MoviePass executives face fraud charges

MoviePass's former CEO and the leader of its former parent company have been indicted on securities fraud charges for deceiving investors on the sustainability and profitability of the company's movie-a-day subscription model, according to a Department of Justice release on Friday.

·Atlanta, United States
Read Full Article
MashableMashable
Left

Former MoviePass executives indicted for fraud, "attempted scam"

The Department of Justice revealed that Theodore Farnsworth and Mitchell Lowe have both been charged with four counts of fraud.

·United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Mashable broke the news in United States on Sunday, November 6, 2022.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
SearchBlindspot LogoBlindspotLocal