Former CEO of Moviepass’ parent company pleads guilty to securities fraud, conspiracy

(Reuters) - The former head of movie ticket-subscription service Moviepass' parent company has pleaded guilty to charges of securities fraud and conspiracy, the U.S. Justice Department said on Tuesday.

Theodore Farnsworth engaged in schemes to defraud investors in Helios & Matheson Analytics Inc, a publicly traded company that was the parent of MoviePass Inc (MoviePass), and Vinco Ventures Inc(BBIG), a publicly traded company, the Justice Department said in a press release.

Source: Investing.com