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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.

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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
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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
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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
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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
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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
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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
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Mashable broke the news in United States on Sunday, November 6, 2022.
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