I almost forgot about it.
From Variety (source: Slashdot), former MoviePass CEO plead guilty to securities fraud. This isn’t particularlly surprising as the service didn’t last long, and how could it? It seemed a little too good to be true from the beginning.
Among Mitch Lowe,
Ted Farnsworth, the former CEO of parent company Helios and Matheson, is scheduled to face a trial on the same charges next March.
Farnsworth, 62, has been in federal custody since August 2023, when his bond was revoked after he allegedly used company funds to pay for a sex worker. —Variety
