“A Florida man pleaded guilty today,” began a Department of Justice press release published on Tuesday. In this case, the ever-infamous Florida Man is none other than Ted Farnsworth, the former CEO of MoviePass’ parent company. His plea comes fewer than four months after another MoviePass leader, former CEO Mitch Lowe, entered a guilty plea of his own.
Farnsworth pleaded guilty to one count of securities fraud and another of conspiracy to commit securities fraud. He’ll face a maximum of 20 years in prison for the
→ Continue reading at Engadget
