Ozy Media Founder And CEO Carlos Watson Found Guilty Of Fraud, Faces Up To 37 Years In Prison
deadline.comA jury in federal court in Brooklyn on Tuesday found Ozy Media founder and CEO Carlos Watson guilty of securities fraud, identify fraud and other charges that carry a penalty of up to 37 years in prison.
Sentencing is in November. The verdict marks the end of a two-month trial for Watson, who founded the digital news and lifestyle startup in 2012.
It seemed to be doing fairly well, a façade that exploded in 2021, when an article in the New York Times revealed that Ozy co-founder and chief operating officer Samir Rao had misrepresented himself on a call with Goldman Sachs by pretending to be a YouTube executive, Alex Piper.
The idea was to put Ozy in a positive light as it sought an investment from the bank. The executives lied to Goldman Sachs, saying giant YouTube wanted to buy the rights to The Carlos Watson Show.
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