Former executives at MoviePass and its prior parent company were charged in a securities fraud case, accused of defrauding investors, the Justice Department said
parent company were charged in a securities fraud case, accused of defrauding investors, the Justice Department said Friday.
Former MoviePass CEO J. Mitchell Lowe and Theodore Farnsworth, who led Helios & Matheson Analytics Inc., the at the time, are accused of engaging in a fraudulent scheme to inflate the company’s stock and attract new shareholders, the Justice Department said.
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