Theodore Farnsworth, the former CEO of Helios & Matheson Analytics Inc, has pleaded guilty to charges of securities fraud and conspiracy. The US Justice Department accused him of engaging in schemes to defraud investors in HMNY and BBIG, two publicly traded companies that were parent to MoviePass Inc. Farnsworth’s actions allegedly involved misleading investors and violating securities laws. As part of his plea agreement, he will face consequences for his role in these activities.
Source: https://www.reuters.com/legal/former-ceo-moviepass-parent-company-pleads-guilty-securities-fraud-conspiracy-2025-01-07