Former MoviePass CEO admits the $9.95 ‘unlimited’ ticket scheme was fraud

/ The CEO behind 2017’s ridiculous movie deal is facing up to five years in prison for committing securities fraud.

By Emma Roth, a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.

Mitch Lowe in HBO’s MoviePass, MovieCrash documentary. Image: HBO

MoviePass ex-CEO Mitch Lowe pleaded guilty to securities fraud on Monday over his involvement in a scheme to mislead investors, as reported earlier by Variety and The Hollywood Reporter. With the plea, Lowe admits to making false representations about the sustainability of a $9.95 monthly plan that promised “unlimited” access to movies in

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