Ex-MoviePass CEO Ted Farnsworth pleads guilty to fraud, faces potential prison time for bilking investors and the public.
beat sheet
Farnsworth admitted to inflating MoviePass's subscriber numbers and misleading investors about the company's finances, which led to its spectacular collapse in 2018.
With this guilty plea, Farnsworth could be looking at significant jail time and hefty fines, sending a strong message to other entertainment execs tempted to cook the books.
Ex-MoviePass CEO Ted Farnsworth pleads guilty to fraud, faces potential prison time for bilking investors and the public.
beat sheet
Farnsworth admitted to inflating MoviePass's subscriber numbers and misleading investors about the company's finances, which led to its spectacular collapse in 2018.
With this guilty plea, Farnsworth could be looking at significant jail time and hefty fines, sending a strong message to other entertainment execs tempted to cook the books.