Watson faces up to 37 years in prison on various fraud charges.
Disgraced Ozy Media founder Carlos Watson allegedly tried to trick a potential investor by claiming to have received a $600 million takeover offer for his struggling company, the feds alleged in court documents this week.slapped with an array of fraud charges
The feds said Watson pretended to have the nine-figure offer in hand from a tech company while attempting to convince an unspecified investor to pour $22.5 million into Ozy Media. Both Rao and Ozy’s former chief of staff, Suzee Han, have already pleaded guilty to fraud charges. They are expected to face sentencing later this year. “Carlos Watson is a con man whose business strategy was based on outright deceit and fraud – he ran Ozy as a criminal organization rather than as a reputable media company,” Brooklyn US Attorney Breon Peace said.
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Ozy Media Founder Carlos Watson Has Been ArrestedAfter his co-founder pleaded guilty to fraud, he’ll face charges in federal court.
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Ozy Media CEO Carlos Watson Arrested, Set to Be Charged With Securities FraudCarlos Watson, CEO of digital media company Ozy Media, was arrested Thursday pending his arraignment on charges of federal securities fraud and wire fraud, Variety has confirmed. In a court filing,…
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Federal authorities arrest Ozy Media founder Carlos WatsonThe founder of the troubled digital start-up Ozy Media has been arrested on fraud charges as part of a scheme to prop up the financially struggling company
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Federal authorities arrest Ozy Media founder Carlos WatsonThe founder of the troubled digital start-up Ozy Media has been arrested on fraud charges as part of a scheme to prop up the financially struggling company
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Ozy Media founder Carlos Watson arrested and charged with fraud | CNN BusinessCarlos Watson, the founder and chief executive of the embattled Ozy Media, was arrested and charged with fraud this week, according to federal court records.
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Federal authorities arrest Ozy Media founder Carlos WatsonNEW YORK (AP) — The founder of the troubled digital start-up Ozy Media was arrested Thursday on federal fraud charges as part of what prosecutors say was a scheme to prop up the financially struggling company, which hemorrhaged millions of dollars before it shut down amid revelations of possibly deceptive business practices.
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