2 posts tagged ‘Wall Street’
MoviePass CEO faces prison after defrauding investors
Boing Boing,
Smug fraudster and MoviePass mastermind Ted Farnsworth finally faces justice after years of exploiting investors' dreams – but his potential 25-year sentence feels light for someone who made a career of destroying trust and retirement accounts. The 62-year-old serial scammer, who cringingly describes himself as a "financier, entrepreneur, and consummate disrupter" pleaded guilty this week to brazenly defrauding investors not once, but twice – first through MoviePass's infamous "$9.95 unlimited movies" scheme, then astonishingly repeating his con at Vinco Ventures after that company inexplicably hired him as CEO in 2022. — Read the rest The post MoviePass CEO faces prison after defrauding investors appeared first on Boing Boing.
A Hedge-Fund Founder’s Obsessive Storytelling
The New Yorker,
A new book about Ray Dalio, the founder of Bridgewater Associates, paints an unflattering picture—but it’s hard to imagine a record more damning than the one Dalio has created himself.