A 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.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.