Tagged: False and Misleading statements

Former MoviePass Executives Indicted for Securities Fraud

Former MoviePass Executives Indicted for Securities Fraud

The old adage — if it sounds too good to be true, then it probably isn’t — still rings true when it comes to MoviePass, which ultimately resulted in a criminal indictment charging two former executives with securities fraud. Theodore Farnsworth and Mitchell Lowe were charged with a scheme to defraud investors through materially false and misleading representations relating to MoviePass’ parent company, Helios &...