New lawsuit filed by SEC accuses MoviePass executives of fraud - Technology News, Mobile Technology News, Videos, and Review | Techbrinks

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Wednesday, 28 September 2022

New lawsuit filed by SEC accuses MoviePass executives of fraud


The US Securities and Exchange Commission (SEC) is suing three former MoviePass executives for fraud. The SEC alleges that Theodore Farnsworth and Mitch Lowe misled investors when selling them on the MoviePass business model using false information. A third exec, Khalid Itum, is accused of taking $310,000 from the company...

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