Superseding Information — USA v. FARNSWORTH (Dkt. 161, S.D. Fla.)

Summary

A Superseding Information in United States of America v. Theodore Farnsworth, Case No. 22-20521-CR-LEIBOWITZ(s), in the U.S. District Court for the Southern District of Florida, entered on the docket December 23, 2024 as Document 161. Count 1 charges securities fraud in connection with HMNY common stock, and the penalty sheet also lists Count#:2, conspiracy to commit securities fraud. It states that Farnsworth served as Chief Executive Officer and Chairman of the Board of Directors of HMNY, and alleges that Farnsworth and J. Mitchell Lowe, Chief Executive Officer of MoviePass, falsely represented that the $9.95 "unlimited" plan was tested and profitable. It alleges that Farnsworth negotiated bonuses of $1,000,000 and $1,500,000 for raising capital. The penalty sheet lists maximum terms of 20 Years for Count#:1 and 5 Years for Count#:2.

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