Ozy Media Founder Carlos Watson Convicted of Fraud in New York Trial
TL;DR Summary
Carlos Watson, founder of Ozy Media, was convicted of fraud by a Brooklyn federal jury for misleading investors about the company's finances and deals. Watson and Ozy were charged with securities fraud and wire fraud conspiracy, with prosecutors alleging they falsified financial information and audience size to attract investment. The trial included testimony from former deputies who admitted to conspiring with Watson. Ozy Media collapsed in 2021 following reports of deceptive practices, including impersonating a YouTube executive. Watson denied involvement but was found guilty after a six-week trial.
- Ozy Media founder Carlos Watson convicted in New York fraud trial CNBC
- Ozy Media, CEO Convicted of Fraud After Staged Goldman Call Bloomberg
- Carlos Watson, Ozy Media Founder, Is Found Guilty of Fraud The New York Times
- JUST IN: Ex-Ozy Media CEO Carlos Watson Convicted of Fraud and Identity Theft Mediaite
- Ozy Media's Carlos Watson was betrayed by lying co-founder, lawyer says as New York fraud trial closes Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
2 min
vs 3 min read
Condensed
82%
478 → 88 words
Want the full story? Read the original article
Read on CNBC