Carlos Watson, Ozy Media CEO, convicted of securities fraud, wire fraud, and identity theft in New York for falsely inflating company success and defrauding investors.

Former TV host Carlos Watson, the co-founder and CEO of Ozy Media, has been convicted of securities fraud, wire fraud conspiracy, and aggravated identity theft in a New York federal court. Ozy Media was accused of falsely inflating its success and defrauding investors through misrepresentations and omissions about the company's finances, debts, audience numbers, and investor identities. Watson and the company now face potential decades in prison and financial penalties.

July 16, 2024
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