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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.
Published 3 months ago

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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.

3 months ago·Atlanta, United States
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KRDOKRDO

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,

3 months ago·Colorado Springs, United States
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Pittsburgh Post-GazettePittsburgh Post-Gazette

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...

3 months ago·Pittsburgh, United States
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WISH-TVWISH-TV

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,

3 months ago·Indianapolis, United States
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Gwinnett Daily PostGwinnett Daily Post

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…

3 months ago
Read Full Article
MashableMashable

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.

3 months ago·United States
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