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Former MoviePass CEO admits the $9.95 ‘unlimited’ ticket scheme was fraud

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Summary
Nutrition label

70% Informative

Mitch Lowe pleaded guilty to securities fraud on Monday .

He admitted to making false representations about MoviePass's $ 9.95 monthly plan.

The plan was a temporary marketing gimmick to drive subscriber growth.

MoviePass shut down in 2019 and later filed for bankruptcy.

Lowe faces up to five years in prison for his part in the scheme.

VR Score

58

Informative language

48

Neutral language

74

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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