Two former executives at MoviePass and its former parent company Helios and Matheson Analytics (HMNY), Theodore Farnsworth, 60, and Mitch Lowe, 70, have been charged in a securities fraud case, according to court documents.The two men have been charged in relation to their roles in a scheme to allegedly 'defraud investors through materially false and misleading representations relating to HMNY and MoviePass's business and operations.'Court documents released by the said that the pair artificially inflated the price of HMNY's stock to attract new investors.
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