Mobile app version of munafa.org
Login or Join
 Learn then Earn
stockMarketNEWS

 story : SEC sues former MoviePass executives for fraud #FinanceUSA #StockMarketNEWS The Securities and Exchange Commission has sued former top executives at MoviePass and its parent company, Helios & Matheson

@stockMarketNEWS Wed 28 Sep, 2022

Posted in: #FinanceUSA #StockMarketNEWS

SEC sues former MoviePass executives for fraud #FinanceUSA #StockMarketNEWS
The Securities and Exchange Commission has sued former top executives at MoviePass and its parent company, Helios & Matheson , for fraud. The complaint, filed Monday in the U.S. District Court for New York's southern district, alleges Ted Farnsworth and Mitch Lowe "intentionally and repeatedly disseminated to the public materially false or misleading statements concerning MoviePass and key aspects of MoviePass's business model." The suit charges Farnsworth and Lowe misled investors by suggesting the company could profit by offering all-you-can eat moviegoing for .95 a month. Farnsworth is the former chief executive of analytics firm Helios & Matheson Analytics Inc., which acquired MoviePass in 2017 and ran it until it sank into bankruptcy in 2020. Lowe was MoviePass CEO from 2016 to 2020.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme