2025-01-08
Former MoviePass head pleads guilty to securities fraud
“A Florida man pleaded guilty today,” began a Department of Justice press release published on Tuesday. In this case, the ever-infamous Florida Man is none other than Ted Farnsworth, the former CEO of MoviePass’ parent company. His plea comes fewer than four months after another MoviePass leader, former CEO Mitch Lowe, entered a guilty plea of his own.<br /> Farnsworth pleaded guilty to one count of securities fraud and another of conspiracy to commit securities fraud. He’ll face a maximum of 20 years in prison for the former charge and up to five for the latter. A sentencing hearing will be scheduled later.<br /> The DOJ charged Farnsworth, 62, with scheming to defraud investors in MoviePass’ former parent company, Helios & Matheson Analytics (HMNY). The agency a [...]
Rating
Innovation
Pricing
Technology
Usability
We have discovered similar tools to what you are looking for. Check out our suggestions for similar AI tools.
2024-12-31
Terraform Labs co-founder Do Kwon will face securities fraud charges in the US
Terraforms Labs CEO Do Kwon spent the last day of 2024 getting extradited to the US, Reuters reports. Kwon faces charges in the US for "orchestrating a multi-billion dollar crypto asset securitie [...]
2025-01-08
Former Annapurna Interactive staff are reportedly taking over publisher Private Division's game portfolio
Ex-employees of Annapurna Interactive who quit en masse last year have reportedly found their next project. According to Bloomberg, the team is taking over the games and franchises of Private Division [...]
2025-01-02
Nick Clegg is leaving Meta after 7 years overseeing its policy decisions
Nick Clegg, the former British deputy prime minister turned Meta executive, is leaving after a seven-year stint with the social media company. Clegg announced his departure in posts on X and Threads, [...]
2025-01-08
This spinning VR chair at CES 2025 somehow didn't make me feel like throwing up
A spinning VR gaming chair sounds like it would be an at-home vomitron. The virtual reality environment tends to make some people (like me) queasy as it is, so adding synchronized full-body rotation s [...]
2025-01-07
Meta is ditching third-party fact checkers on Facebook, Instagram
Meta CEO Mark Zuckerberg announced a big shift in the company's approach to moderation and speech. Meta will be suspending its fact-checking program and will move to an X-style Community Notes mo [...]