Lowe, who took over as CEO of MoviePass in 2016, started allowing users to see a movie a day through an unlimited subscription in 2017. But the money-burning tactic eventually led to MoviePass’s demise,

Former MoviePass chief executive Mitch Lowe has pled guilty to a securities fraud charge related to his role in swindling investors about the company’s monthly movie subscription service. Lowe on Monday entered a plea agreement in which he admitted fault for conspiring to inflate the price of MoviePass’ stock by lying about the profitability and

Mitch Lowe, one of two MoviePass execs indicted by the Justice Department in 2022, has pleaded guilty to securities fraud charges. The former MoviePass CEO admitted to conspiring to deceive the public and investors about the service’s sustainability.

Former MoviePass CEO Mitch Lowe pleaded guilty Monday to a securities fraud charge, admitting that he conspired to deceive the public and investors about the sustainability of the company’s $9.95-a-month movie subscription service.