Moviepass Interim CEO Pat Krishnan had deep ties to Helios and Matheson Analytics' former parent company, Helios and Matheson Information Technology (HMIT), which has been accused of massive fraud in India.

In India, HMIT was accused of defrauding thousands of creditors, including banks and senior citizens, as Business Insider reported last year. In 2016, a judge in Chennai ordered the liquidation of HMIT and its assets to pay back creditors. Since the liquidation order in 2016 — which was temporarily stayed — the various legal cases and investigations have dragged slowly through different venues in India and have still not concluded.

Maruthi Consulting, the US-based firm Krishnan cofounded, was referenced in HMIT's legal drama in India last year. In a March 2018 complaint to India's Central Bureau of Investigation, the State Bank of India accused HMIT of using Maruthi Consulting to siphon money out of India with the "evil intention of defrauding our bank."