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Ex-MoviePass CEO Admits $9.95 Plan Too Good To Be True

By Law360 Staff ( September 16, 2024, 11:32 PM EDT) -- Former MoviePass CEO J. Mitchell Lowe pleaded guilty in Florida federal court on Monday to conspiracy to commit securities fraud, admitting that he and another executive hyped the illusion that their $9.95-a-month unlimited movie watching plan would be profitable while knowing it was merely a gimmick to defraud investors....

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