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.
Former CEO of MoviePass’ parent company pleads guilty to fraud over ‘unlimited’ plan
The former chief executive of the parent company of MoviePass, Theodore Farnsworth, pleaded guilty to charges of securities fraud and conspiracy.
Former CEO of MoviePass’ parent company faces up to 25 years in prison
The former chief executive of MoviePass’ parent company has pleaded guilty to charges of security fraud and conspiracy and could face up to 25 years in prison. Theodore Farnsworth “engaged in schemes to defraud investors,
Former MoviePass CEO Pleads Guilty to Securities Fraud
The DOJ also claims the former MoviePass CEO engaged in “AI washing,” pretending their artificial intelligence was capable of more than publicly claimed. Farnsworth “concealed that MoviePass’ subscription model was a money-losing gimmick and falsely claimed that HMNY used artificial intelligence to monetize MoviePass’ subscriber data,
MoviePass' former CEO just pleaded guilty to fraud over its 'unlimited' plan
Former MoviePass CEO Theodore Farnsworth pleaded guilty to securities fraud after being accused of misleading investors about the ticketing service’s money-draining “unlimited” plan.
MoviePass CEO faces prison after defrauding investors
Smug fraudster and MoviePass mastermind Ted Farnsworth finally faces justice after years of exploiting investors' dreams – but his potential 25-year sentence feels light for someone who made a career of destroying trust and retirement accounts.
Why did the creator of MoviePass plead guilty to investor fraud? Details explored
Theodore Farnsworth, who used to be the CEO of Helios and Matheson Analytics, the company that owns MoviePass, has admitted in court to securities fraud and conspiracy to defraud investors.
Former MoviePass CEO Facing 25 Years In Prison After Pleading Guilty To Fraud
Former MoviePass CEO Ted Farnsworth pleaded guilty on Monday to defrauding investors and now faces up to 25 years in prison. Farnsworth was the man
Miami man pleads guilty to securities fraud in MoviePass, Vinco stock scheme
A Miami man and former CEO of two publicly traded companies pleaded guilty Tuesday to securities fraud charges in connection with schemes<a class="excerpt-read-more" href=" More
Former MoviePass Executive Pleads Guilty to Fraud Over ‘Unlimited’ Plan
Prosecutors said that Theodore Farnsworth, who ran the parent company of MoviePass, had misled investors about its popular subscription plan.
Former MoviePass executive Ted Farnsworth pleads guilty to defrauding investors
MoviePass' $10-a-month plan was launched after Farnsworth bought the startup while CEO of Helios and Matheson.
MoviePass parent company's ex-CEO faces up to 25 years in prison over fraud
Farnsworth and MoviePass' former CEO, J. Mitchell Lowe, were originally charged in 2022 with one count of securities fraud ...
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MoviePass executives pleads guilty to securities fraud
Theodore Farnsworth “engaged in schemes to defraud investors,” the U.S. Department of Justice said in a statement Tuesday, while he was in charge of Helios and Matheson Analytics, the former ...