• MoviePass parent company under investigation for fraud

    29 days ago - By Reuters

    Helios and Matheson, the parent company of popular movie subscription service MoviePass is under investigation by the New York Attorney General's office for fraud. Fred Katayama reports.
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  • MoviePass is under investigation for securities fraud in New York state

    MoviePass is under investigation for securities fraud in New York state

    29 days ago - By Tech Crunch

    More bad news for MoviePass .
    At the direction of New York Attorney General Barbara Underwood, MoviePass parent company Helios and Matheson is now the subject of a fraud probe in New York state.
    “We've launched a securities fraud investigation into ⁦ MoviePass⁩' parent company,” Underwood confirmed in a tweet. “My office is committed to protecting New York investors and the integrity of our financial markets.”
    The probe will examine whether the company misrepresented its financial situation to investors. The probe will leverage the Martin Act, a powerful New York statute that allows the...
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  • MoviePass operations under investigation by New York AG

    29 days ago - By Chron

    NEW YORK - The company that runs the beleaguered MoviePass discount service for movie tickets is being investigated by the New York Attorney General on allegations that it misled investors.
    Parent company Helios and Matheson of New York said in a prepared statement that it is aware of the investigation, but that it believes, "our public disclosures have been complete, timely and truthful and we have not misled investors."
    The investigation was first reported by CNBC.
    Helios and Matheson has struggled financially and is facing class-action lawsuits filed on behalf of investors claiming the...
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  • ‘A scam from the get-go': MoviePass investors applaud the New York Attorney General's investigation, but have little hope for their money

    ‘A scam from the get-go': MoviePass investors applaud the New York Attorney General's investigation, but have little hope for their money

    29 days ago - By Business Insider

    MoviePass parent company Helios and Matheson is being investigated by the New York Attorney General, who is probing whether the firm misled investors.
    Helios and Matheson denied any wrongdoing to Business Insider.
    A half dozen Helios and Matheson investors expressed positive sentiments about the investigation to Business Insider, with several saying they felt misled about the company's financial situation.
    On Wednesday, news broke that the New York Attorney General had launched an investigation into whether Helios and Matheson Analytics, the owner of movie-ticket subscription service...
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