Former MoviePass CEO, who gave moviegoers the best summer ever, pleads guilty to fraud
Former MoviePass CEO Ted Farnsworth, who gave moviegoers the best deal in moviegoing history, admitted that $9.95 for unlimited movie tickets may not have been such a great deal for his investors. A hero in some circles for providing latchkey cinephiles with a remarkable bargain, Farnsworth pleaded guilty to defrauding investors, one count of securities fraud, and one count of conspiracy to commit securities fraud, per Gizmodo. He faces up to 25 years in prison for being the only executive in recent memory to value consumers over investors. Читать дальше...