January 07, 2025
The former CEO of Helios & Matheson Analytics Inc., which owned a majority stake in the defunct discount unlimited movie ticketing service MoviePass, pled guilty Tuesday to making false statements about its business operations and inflating stock prices to attract investors.
January 02, 2025
Florida federal prosecutors have charged the executive chairman of Vinco Ventures' board of directors with conspiracy to commit securities fraud over allegations that he made false statements to investors to artificially inflate the company's stock price.
September 16, 2024
Former MoviePass CEO J. Mitchell Lowe pleaded guilty in Florida federal court on Monday to conspiracy to commit securities fraud, admitting that he and another executive hyped the illusion that their $9.95-a-month unlimited movie watching plan would be profitable while knowing it was merely a gimmick to defraud investors.