Former CEO of MoviePass' parent company pleads guilty to fraud over 'unlimited' plan | TechCrunch
Briefly

The results of this investigation show a clear pattern of deception, as Theodore Farnsworth repeatedly made false statements to mislead investors about MoviePass's financial viability and profitability, aiming solely to secure personal gains.
In a desperate attempt to circumvent scrutiny over the unsustainable business model of MoviePass, Farnsworth falsely promoted the idea that the company was leveraging advanced data analytics to drive profitability, when in actuality it lacked those capabilities.
Read at TechCrunch
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