MoviePass, securities fraud
Former MoviePass CEO Mitch Lowe Pleads Guilty to Securities Fraud Conspiracy
Former MoviePass CEO Mitch Lowe pleaded guilty Monday to a securities fraud charge, admitting that he conspired to deceive the public and investors about the sustainability of the company’s $9.95-a-month movie subscription service.
Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy
Mitch Lowe, whose actions as CEO helped push MoviePass into bankruptcy, is facing up to five years in federal prison at his sentencing.
Former MoviePass CEO reportedly pleads guilty to securities fraud
Mitch Lowe, one of two MoviePass execs indicted by the Justice Department in 2022, has pleaded guilty to securities fraud charges. The former MoviePass CEO admitted to conspiring to deceive the public and investors about the service’s sustainability.
Former MoviePass CEO admits the $9.95 ‘unlimited’ ticket scheme was fraud
Lowe, who took over as CEO of MoviePass in 2016, started allowing users to see a movie a day through an unlimited subscription in 2017. But the money-burning tactic eventually led to MoviePass’s demise,
Ex-MoviePass CEO Mitch Lowe Pleads Guilty to Securities Fraud Conspiracy After Taking Plea Deal
He was one of the architect's of the company's monthly subscription plan in which subscribers could see unlimited movies in theaters with no blackout dates for a flat monthly fee of $9.95.
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