All articles tagged with #carlos watson
Carlos Watson, cofounder of Ozy Media, was found guilty of fraud by a federal jury for misleading investors with falsified financial records and inflated audience numbers. Watson faces up to 37 years in prison, while his cofounder Samir Rao, who previously pleaded guilty to related charges, awaits sentencing.
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.
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.