Superseding Information — USA v. FARNSWORTH (Dkt. 139, S.D. Fla.)

Summary

An Information in United States of America v. J. Mitchell Lowe, Case No. 22-20521-CR-LEIBOWITZ(s), in the U.S. District Court for the Southern District of Florida, entered on the docket September 12, 2024 as Document 139, charging conspiracy to commit securities fraud under 18 U.S.C. § 371. It states that Lowe was Chief Executive Officer of MoviePass and Coconspirator 1 was Chief Executive Officer of Helios & Matheson Analytics Inc. (HMNY). It alleges that from at least in or around August 2017 through at least in or around March 2019 the two made materially false and misleading representations about the $9.95 "unlimited" plan to inflate HMNY's stock price. It alleges Lowe received at least $388,224 in salary payments traceable to the offense. The penalty sheet gives Count#: 1 a maximum term of 5 years.

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