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Former MoviePass executive Ted Farnsworth pleads guilty to defrauding investors

Ted Farnsworth pleaded guilty to defrauding investors in MoviePass and Vinco.Farnsworth has been in prison since August 2023.MoviePass’s $10 plan led to its popularity but was unsustainable, causing bankruptcy.Ted Farnsworth pleaded guilty on Tuesday to defrauding investors in the movie-ticket subscription service MoviePass, the US Department of Justice announced. He…

Former Abercrombie CEO Jeffries pleads not guilty to sex trafficking By Reuters

By Siddharth Cavale CENTRAL ISLIP, New York (Reuters) -Mike Jeffries, former longtime chief executive of Abercrombie & Fitch, pleaded not guilty on Friday to charges that he ran an international sex trafficking scheme while leading the clothing retailer. Jeffries, 80, who led Abercrombie from 1992 to 2014, entered his plea…