PUPUWEB BlogJan 9, 2025
Former CEO of MoviePass’ parent company pleads guilty to security fraud. Turns out, offering unlimited movies for $9.95/month wasn't sustainable. Theodore Farnsworth faces up to 25 years in prison. #MoviePass #CEO #SecurityFraud #BusinessFail #FinancialCrime #Conspiracy #Fraud #HeliosAndMatheson
DeadlineJan 8, 2025

Ex MoviePass CEO Pleads Guilty To Defrauding Investors; DOJ Calls Case Early Instance Of “AI Washing”
#Legal #News #HeliosandMatheson #Moviepass #TedFarnsworth

https://deadline.com/2025/01/former-moviepass-ceo-pleads-guilty-defrauding-investors-1236251629/

Ex MoviePass CEO Pleads Guilty To Defrauding Investors; DOJ Calls Case Early Instance Of “AI Washing”

Theodore Farnsworth, former CEO of MoviePass parent Helios & Matheson, pleaded guilty to charges of defrauding and conspiring to defraud investors.

Deadline