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Former MoviePass CEO Admits Guilt in Securities Fraud Case

share-iconWednesday, January 08 comment-icon2 weeks ago 6 views
News sources:
reutersREUTERS
Former MoviePass CEO Admits Guilt in Securities Fraud Case

Credited from: REUTERS

  • Theodore Farnsworth, the ex-CEO of Moviepass' parent company, has pleaded guilty to charges of securities fraud and conspiracy.
  • The plea was announced by the U.S. Justice Department on January 7.
  • Farnsworth was involved in schemes to defraud investors linked to Helios & Matheson Analytics Inc.
  • The parent company of MoviePass, Helios & Matheson, is a publicly traded firm facing legal scrutiny.
  • The incident reflects ongoing issues in the investment landscape involving companies like Vinco Ventures Inc..

For more details, read the full article here.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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