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Feds charge former MoviePass execs with securities and wire fraud

The former executives in charge of Moviepass have been indicted in what the Justice Department calls "a scheme to defraud investors." Ex-MoviePass CEO J. Mitchell Lowe and Theodore Farnsworth, who used to be the chairman of the service's former parent company Helios and Matheson Analytics (HMNY), have been charged with one count of securities Fraud and three counts of Wire Fraud. Federal authoriti


This post first appeared on MadShrimps.be, please read the originial post: here

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Feds charge former MoviePass execs with securities and wire fraud

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