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.
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 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,
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.
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.
Ex-MoviePass Executive Farnsworth Admits Guilt in Securities Fraud Scheme
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, Farnsworth, who at that time served as chief executive of MoviePass' parent company Helios & Matheson Analytics,
Ted Farnsworth, Architect of Failed MoviePass Plan, Pleads Guilty to Defrauding Investors
Ted Farnsworth, the architect of MoviePass' $9.95-a-month subscription service, pleaded guilty Tuesday to conspiracy and securities fraud.
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