SEC sues two former MoviePass CEOs, charging them with misleading investors about profit potential, data operations, studio relationships, and revenue sources (Eileen AJ Connelly/The Wrap)

Jason Guerrasio / Insider:
The DOJ charges two former MoviePass execs in a securities fraud case, claiming they sought to artificially inflate the stock price of MoviePass’ parent company  —  – Lowe and Farnsworth have been charged in a securities fraud case by the Department of Justice.

U.S. Securities and Exchange Commission:
The SEC charges ex-Alameda CEO Caroline Ellison and ex-FTX CTO Gary Wang for their role in defrauding FTX’s investors at SBF’s direction between 2019 and 2022  —  The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) …

Cheri Faulkner / NME:
Netflix announces its first in-house game studio, its second game studio in Helsinki, to be led by ex-Zynga Vice President and General Manager Marko Lastikka  —  The studio will be responsible for delivering “a variety of delightful and deeply engaging original games”

Lydia Beyoud / Bloomberg:
The Bahamas Securities Commission freezes the assets of FTX Digital Markets and “related parties” and appoints an attorney as a provisional liquidator  —  The Bahamas Securities Commission has frozen the assets of FTX Digital Markets “and related parties.”

Kanishka Singh / Reuters:
The SEC charges VMware with misleading investors by obscuring financial performance; VMware agrees to pay $8M to settle without denying or admitting charges  —  The U.S. Securities and Exchange Commission said on Monday it has charged cloud computing company VMware Inc (VMW.N) …

U.S. Securities and Exchange Commission:
The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising over $1.8B  —  Defendant concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors