Theodore Farnsworth, ex-CEO of Helios & Matheson Analytics (the parent company of MoviePass), pleaded guilty in federal court today of defrauding investors. According to Deadline, Farnsworth pleaded guilty to defrauding and conspiring to defraud investors in two publicly traded companies — MoviePass and Vinco Ventures — as well as lying about the capabilities of AI.
Principal Deputy Assistant Attorney General Brent S. Wible made...