Preliminary Order of Forfeiture — USA v. FARNSWORTH (Dkt. 151, S.D. Fla.)

Summary

A Preliminary Order of Forfeiture in United States of America v. J. Mitchell Lowe, Case No. 22-CR-20521-DSL, in the U.S. District Court for the Southern District of Florida, dated October 7, 2024 and entered on the docket October 8, 2024 as Document 151. It recites that a Superseding Information filed September 11, 2024 charged Lowe in Count 1 with Conspiracy to Commit Securities Fraud under 18 U.S.C. § 371, and that the Court accepted the guilty plea on September 16, 2024. It restates the Factual Proffer's account that Lowe, as CEO of MoviePass, conspired with the Chief Executive Officer of Helios & Matheson Analytics Inc. to inflate HMNY's stock price, and that Lowe received at least $388,224.13 in salary payments. The order grants the motion and enters a forfeiture money judgment of $388,224.00 under 18 U.S.C. § 981(a)(1)(C).

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