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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