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Former executives at MoviePass and its guardian firm have been charged with fraud, based on a federal indictment that was unsealed Friday.
Theodore Farnsworth, 60, former CEO of Helios & Matheson, and Mitchell Lowe, 70, former CEO of MoviePass, are charged with deceptive traders and making false statements concerning the film subscription service to spice up the inventory value of its guardian firm, Helios & Matheson Analytics.
The indictment alleges that…
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