Ozy Media Founder Carlos Watson Convicted of Fraud

Carlos Watson, co-founder of Ozy Media, was found guilty of defrauding investors and lenders, facing up to 37 years in prison. The trial revealed deceptive practices at the company, including impersonated calls and fabricated contracts. Watson's defense argued that any misrepresentations were unintentional and typical of a start-up. Co-founder Samir Rao and former chief of staff Suzee Han had already pleaded guilty and testified against Watson. Watson's lawyers plan to appeal the verdict.