Moviepass CEO Pleads GUILTY to Defrauding Investors (U.S. v. Farnsworth)

Theodore Farnsworth and J. Mitchell Lowe both pled guilty to Securities & Wire Fraud for deceiving investors about the profits and sustainability of the $9.95/mo "Unlimited" Moviepass plan. #moviepass #Fraud #Guilty Join the Lawful Masses community on Discord! https://discord.gg/cUqVPzQFub Lawful Masses is 100% community-supported! Thanks for all of your help! Please consider supporting on Patreon.com/ljfrench, through YouTube membership, Floatplane subscription, or Twitch membership. January 2025 supporters: "Counselor" Level: Eevi, John Steel, Ugly Grill, TechTechPotato, The Blood Soaked Survivors, Kyle Siefring "Advocate" Level: Arron Washington, Keith Marrocco, Brian Flowers, Meaningless, playceholder, John Swanson, matthew beller, Schi-Schi, Kreachers, admalledd, tdis8629, Dawn Massaro Guy, Guy Chapman, Laura Hertzman, Rudolph Bescherer Jr, Firstname Mclastname, JH, Cindy Campbell, Mark Randall, Ian McDonald, Marcus Agehall, Jonathan Robillard, Amanda Gillies, Justin Waddell, Tony Cruickshank, Alexander Sihn, Andrew Reid, Gregory Ford, Brody Eastwood, Dzyan, Chris Lindsay, TEEKAY, Rico Robbins, Kai Raphahn, Andrew FastLizard4 Adams, David Zaslavsky, Jessica Pearson, Kean, AniLunchbox, Daniel Ducharme, Ph.D., Brian, Jack Draak, Scott F. Comstock, James Melanson, Alan Nise, The Disturbed Angel, Raindrop Works, Chris Hilliard, eyebrows360, Eric Barker, Gef the Mongoose, keeping up with the Devilment on weekends, Lawrence Groupe, Michael, DrakeDT, Andrew Venier, Bill Tonnies, Rabid Ronin, Thomas Dinsdale-Young, Katmandu573, DrJKL, varia, Bill Somerville, Mike Dunford, Peter Huston, cwestpha, Michael Stokes-Byrne, Jorge Vittes, Nate Gray, Evan Davis, Violet Bosveld, Tymorus, Bryan Lubeck, Alisdair Meredith, Kris Hetzel, Christina B, Jennifer and David Brock, Blueberry Hill, Andrew, arkiandruski, Rita Loy, Michael Kunze, Bee Geiger, lol3145, crystalvala, Michael White 00:00 - DoJ Press Release 03:05 - Leonard Thoughts 04:46 - The Indictment 13:58 - Fraudulent Tactics to Reduce Usage 18:31 - Sentencing later this year 19:00 - Leonard Thoughts