The Securities and Exchange Commission (SEC) has filed a complaint against the embattled and recently relaunched MoviePass. According to Variety, the SEC has accused former MoviePass CEO Mitch Lowe and Ted Farnsworth, the former CEO of parent company Helios and Matheson Analytics, of lying about how they viewed the movie ticketing service to be profitable.

Further, the SEC feels that MoviePass' founders in its previous incarnation made "too good to be true" promises and allegedly used the runway of time before the company imploded to fraudulently further profit from its prospects. As MoviePass' infamous and ultimately unsuccessful $10 subscription plan that enabled an unlimited amount of movie tickets played out, Farnsworth and Lowe allegedly instituted "fraudulent methods" to avoid losing money as a company. Those methods allegedly included blocking moviegoers' access to "six Bollywood films" because they were "killing us financially."