Former CEO of MoviePass’ parent company faces up to 25 years in …

6 days ago · The former chief executive of MoviePass’ parent company has pleaded guilty to charges of securities fraud and conspiracy and could face up to 25 years in prison. Theodore …

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MoviePass Exec Ted Farnsworth Pleads Guilty To Securities Fraud

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Jan 7, 2025 · Ted Farnsworth, the architect of MoviePass' $9.95-a-month subscription service, pleaded guilty Tuesday to conspiracy and securities fraud.

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Ex-MoviePass Executive Farnsworth Admits Guilt In Securities …

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Jan 7, 2025 · Ted Farnsworth pleaded guilty to defrauding investors, admitting to his role in MoviePass' ill-fated $9.95-a-month subscription plan. From August 2017 to March 2019, …

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Ex-MoviePass Executive Farnsworth Admits Guilt In Securities …

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Jan 7, 2025 · By Connor Hart Ted Farnsworth pleaded guilty to defrauding investors, admitting to his role in MoviePass' ill-fated $9.95-a-month subscription plan. ... "They were in fact part of a …

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Former MoviePass CEO Guilty Of Giving Moviegoers Great Deal

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Jan 8, 2025 · Former MoviePass CEO Ted Farnsworth, who gave moviegoers the best deal in moviegoing history, admitted that $9.95 for unlimited movie tickets may not have been such a …

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FAQs about Former CEO of MoviePass’ parent company faces up to 25 years in … Coupon?

Did Farnsworth defraud investors in MoviePass?

In January, Farnsworth pleaded guilty to defrauding investors in the movie-ticket subscription service MoviePass, the US Department of Justice announced. This came on the heels of Lowe pleading guilty to securities fraud conspiracy in September 2024. ...

Who owns MoviePass?

MoviePass was led by Mitchell Lowe, the chief executive, and Theodore Farnsworth, right, then chief executive of Helios + Matheson, the parent company. Mr. Farnsworth pleaded guilty to securities fraud on Tuesday. Isaac Brekken for The New York Times ...

Did Ted Farnsworth lie about the success of MoviePass?

Ted Farnsworth, former CEO of Helios and Matheson Analytics, lied about the success of MoviePass to attract investors. Ted Farnsworth, the former CEO of MoviePass and guy who had the bright idea to charge $9.95 per month for unlimited film screenings, has admitted to defrauding investors in the subscription company. ...

Who is Ted Farnsworth?

Ted Farnsworth, the architect of MoviePass ‘ doomed $9.95-a-month subscription plan, pleaded guilty Tuesday to defrauding investors in the company. ...

Was 'MoviePass' a securities fraud scheme?

“Farnsworth’s plans and promises for MoviePass seemed too good to be true — they were in fact part of a securities fraud scheme,” said James Dennehy, the assistant director in charge of FBI’s New York field office. “As he admitted [Tuesday], Farnsworth’s ploys and boasts were actually lies and misrepresentations designed to boost stock prices.” ...

What happened to Ted Farnsworth?

Farnsworth has been in prison since August 2023. MoviePass's $10 plan led to its popularity but was unsustainable, causing bankruptcy. Ted Farnsworth pleaded guilty on Tuesday to defrauding investors in the movie-ticket subscription service MoviePass, the US Department of Justice announced. ...