SEC Says Old MoviePass Execs Lied to You About How Well They Could Maintain $10 Subscriptions

The story of MoviePass’ downfall is a re-run that everybody seems keen to revisit, even though it’s a story we’ve heard time and time again. The company promised movies, but then tried to act coy when it suddenly ended that service, blocked users from seeing certain movies and even changed the public the truth. Itum submitted false documents to the company between January and April 2018 and gained more than $310,000 from both MoviePass and HMNY “for his personal benefit”

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