DESK 2 — FILE OPEN
FOLDER M-0913CASE #2019-0913SHELF 4 / ROW C
CLOSED
BUREAU OF COMMERCIAL DEATHS
DIVISION OF COLD CASES / FORM 41-D / DEATH OF A GOING CONCERN
CASE NUMBER
CASE #2019-0913
SUBJECT
MOVIEPASS, INC.
DATE OPENED
2011 — New York, New York
DATE CLOSED
September 14, 2019
KNOWN ALIASES
Helios and Matheson Analytics (parent); HMNY
INVESTIGATOR
Det. Redact
CAUSE OF DEATH
Subject sold for $9.95 monthly a product it purchased at full market price, without limit.
PEAK VALUATION
$1,600,000,000 (parent company, October 2017)
ASSETS RECOVERED
$0. Parent delisted; executives charged in 2022.
CLASSIFICATION — MARK ONE
FRAUD
✕NEGLIGENCE
HUBRIS
MARKET FORCES
UNKNOWN
EVIDENCE SUMMARY
Subscribers increased from 20,000 to 3,000,000 in eight months. Subject lost money on each.
To reduce usage, subject invalidated the passwords of its own most active customers and attributed the failure to technical error.
Subject also throttled ticket availability and required photographs of physical stubs.
Remainder of statement sealed:
FILED BY Det. Redact · BADGE 0001NO FURTHER ACTION AUTHORIZED
PROPERTY OF THE BUREAUDO NOT REMOVE FROM ROOM 0114
MARGIN NOTE — INVESTIGATING OFFICER
They switched off their own customers to save money. I have read the filing four times. It still says that.
Nine ninety-five. Times three million.
EVIDENCE TAG
ITEM M-0913
SUBJECT MOVIEPASS, INC.
RECEIVED 2019
CONDITION AS FOUND
SUBJECT MOVIEPASS, INC.
RECEIVED 2019
CONDITION AS FOUND