Ted Farnsworth, Architect of Failed MoviePass Plan, Pleads Guilty to Defrauding Investors

Ted Farnsworth, the architect of MoviePass’ doomed $9.95-a-month subscription plan, pleaded guilty Tuesday to defrauding investors in the company. Farnsworth also pleaded to a conspiracy charge for a second scheme involving a non-existent video sharing platform, which the government alleges he secretly organized while under investigation in the MoviePass case. Farnsworth, 62, has been in […]