Carlos Watson, CEO of digital media company Ozy Media, was arrested Thursday pending his arraignment on charges of federal securities fraud and wire fraud.
the news, “We are really disappointed. We have been acting in good faith and believe we had a constructive dialogue with the government and are shocked by the actions this morning.”Ozy Media falsified audience metrics and that its COO, Samir Rao, impersonated a YouTube executive
on a call with prospective investor Goldman Sachs. The revelations led to an avalanche of other disclosures including allegations of a toxic workplace culture at the New York-based company. Watson’s arrest and pending arraignment on federal criminal charges come after Rao pleaded guilty Tuesday in a Brooklyn federal court to fraud and identity theft charges, per the Journal’s report. Rao admitted that between 2018-21 he made misleading statements to investors and exaggerated the company’s financial performance. In addition, Rao said he falsely used the identity of another person between February 2020 and February 2021, per the WSJ.
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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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WSJ News Exclusive | Ozy Media CEO Carlos Watson Arrested After a Former Executive Pleads Guilty to FraudCarlos Watson was taken into custody and is expected to be arraigned in a Brooklyn federal court on charges of conspiring to commit securities fraud and conspiring to commit wire fraud.
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Media Bias Alert: Right-Rated Media Ignores Fox News Electio...Last week, right-rated media almost entirely ignored a revelation that threw into question the journalistic integrity of the most-watched cable news network in the country— Fox News (Right Bias).
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Walmart CEO on food inflation: Some is 'stubborn, mid-double digit'Executives at Walmart on Tuesday provided their observations on food inflation the company has been seeing as they discussed the retail giant's fourth-quarter earnings.
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After Fraud Charges Against Slync’s Ex-CEO, Goldman Sachs Doubles Down With $24 Million Investment'Whenever there's large sums of money, you're gonna attract people who are occasionally sociopathic people,' said Slync's new CEO, John Urban.
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