Federal authorities arrest founder of media startup Ozy
FILE — Carlos Watson participates in"The Contenders: 16 for 16" panel during the PBS Television Critics Association summer press tour, July 29, 2016, in Beverly Hills, Calif. Watson, founder of the troubled digital start-up Ozy Media, was arrested Thursday, Feb. 23, 2023 on fraud charges as part of 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.
“We are really disappointed,” Watson's attorney, Lanny Breuer, told the Journal after the arrest. “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.” Michael J. Driscoll, the assistant director-in-charge of the FBI's New York field office said Watson “repeatedly attempted to entice both investors and lenders through a series of deliberate deceptions and fabrications.”
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