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Mitch Lowe , one of two MoviePass leaders indicted by the Justice Department in 2022 , has pleaded guilty to securities fraud charges.
Prosecutors claim Lowe knew from the start that the company’s $ 9.95 “unlimited” plan was a short-term gimmick to attract subscribers and inflate stock.
He's accused of making false statements in press releases, interviews and SEC filings about MoviePass’ long-term viability.
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