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MoviePass CEO faces prison after defrauding investors 

Wednesday January 8, 2025. 09:24 PM , from BoingBoing
MoviePass CEO faces prison after defrauding investors 
Smug fraudster and MoviePass mastermind Ted Farnsworth finally faces justice after years of exploiting investors' dreams – but his potential 25-year sentence feels light for someone who made a career of destroying trust and retirement accounts.
The 62-year-old serial scammer, who cringingly describes himself as a 'financier, entrepreneur, and consummate disrupter' pleaded guilty this week to brazenly defrauding investors not once, but twice – first through MoviePass's infamous '$9.95 unlimited movies' scheme, then astonishingly repeating his con at Vinco Ventures after that company inexplicably hired him as CEO in 2022. — Read the rest
The post MoviePass CEO faces prison after defrauding investors  appeared first on Boing Boing.
https://boingboing.net/2025/01/08/moviepass-ceo-faces-prison-after-defrauding-investors.html

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