2010s digital media founder Carlos Watson faces fraud trial for misrepresenting Ozy Media's assets, facing up to 37 years in prison if convicted.

Carlos Watson, co-founder of Ozy Media, faces trial on charges of fraud in a scheme to defraud investors and lenders, which allegedly involved misrepresenting the company's financial and business assets. The trial, which begins in federal court in Brooklyn, could see Watson face up to 37 years in prison if convicted. It marks the first time a digital media startup founder from the 2010s boom faces trial in a courtroom.