Por: MarketWatch Business November 04, 2022
Ted Farnsworth, 60, and J. Mitchell Lowe, 70, were charged with falsely claiming that MoviePass’s offer of unlimited tickets for just $9.95 a month was sustainable and could even be profitable, when they knew it was just a marketing gimmick aimed solely at boosting subscriber numbers. By inflating the number of subscribers, the pair were able to entice new investors to pump up the company’s stock price. In reality, the company was... + full article
Los Angeles Times USA Business November 05, 2022
Two former MoviePass Inc. executives were charged with securities and wire fraud for allegedly scheming to defraud investors of the parent of the bankrupt company. Theodore Farnsworth, 60, of Miami, and J. Mitchell Lowe, 70, of Miami Beach, are accused of making false... + más
Federal Prosecutors Charge Ex-CEOs of MoviePass, Parent Company in Alleged Fraud Scheme | NBC 6 South Florida
SEC sues former MoviePass executives for alleged fraud and misleading investors | Los Angeles Times
Business Insider USA Entertainment November 05, 2022
The former CEOs of MoviePass and its former parent company, Helios and Matheson Analytics (HMNY) — Ted Farnsworth and Mitch Lowe — have been charged in a securities fraud case, according to court documents.Per a Department of Justice statement, the court documents allege... + más
Federal prosecutors charge ex-CEOs of MoviePass, parent company in alleged fraud scheme | CNBC
CNBC USA Life November 05, 2022
Sopa Images Lightrocket Getty ImagesFormer executives at MoviePass and its parent company have been charged with fraud, according to a federal indictment that was unsealed Friday.Theodore Farnsworth, 60, former CEO of Helios & Matheson, and Mitchell Lowe, 70, former CEO of... + más
NBC 6 South Florida USA World November 05, 2022
Sopa Images Lightrocket Getty Images Federal Prosecutors Charge Ex-CEOs of MoviePass, Parent Company in Alleged Fraud Scheme data-ellipsis=false> Former executives at MoviePass and its parent company have been charged with fraud, according to a federal indictment that was... + más
Los Angeles Times USA Business September 29, 2022
The U.S Securities and Exchange Commission filed a lawsuit against former executives of the controversial cinema subscription service MoviePass, alleging they made fraudulent statements about the business. The market regulator said that for more than two years, Theodore... + más
MoviePass is coming back. Its timing couldn't be worse | CNN
Calendar of former official provides insight into SEC regulatory intent, Satoshi stumble | Fox Business
CNN USA Business September 26, 2022
New York (CNN Business)Hollywood loves a comeback story, and , one of the industry's most notorious flops, is trying to write one of the most epic sequels in history.The revolutionary movie ticketing service, which sent shock waves through before , has risen from the dead... + más
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NBC News USA Business September 26, 2022
Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only a small-town New Jersey deli to its name, federal authorities said Monday. The three men — James Patten, 63, of Winston-Salem,... + más
Three men charged with fraud in $100 million New Jersey deli scheme | CNBC
Feds sought to jail father charged in $100 million New Jersey deli scam with Hong Kong-based son at large | CNBC
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