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 CEO of Moviepass’ parent company pleads guilty to securities fraud, conspiracy
The former head of movie ticket-subscription service Moviepass' parent company has pleaded guilty to charges of securities fraud and conspiracy, the U.S. Justice Department said on Tuesday.
Former MoviePass CEO, who gave moviegoers the best summer ever, pleads guilty to fraud
Farnsworth was the CEO of analytics firm Helios and Matheson, which owned a majority stake in MoviePass during its heyday. He also came up with the brilliant idea of reducing movie theater ticket costs to roughly 33 cents a day.
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MoviePass executives pleads guilty to securities fraud
Theodore Farnsworth “engaged in schemes to defraud investors,” the U.S. Department of Justice said in a statement Tuesday, while he was in charge of Helios and Matheson Analytics, the former parent ...
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