Ex MoviePass CEO Pleads Guilty To Defrauding Investors; DOJ Calls Case Early Instance Of “AI Washing”

Theodore Farnsworth, the former CEO of MoviePass parent Helios & Matheson Analytics, pleaded guilty to charges of defrauding and conspiring to defraud investors in two public companies, including lying about artificial intelligence capabilities that it didn’t have. The company is now owned and run by original founder Stacy Spikes, who acquired it out of bankruptcy in