Carlos Watson, the founder and chief executive of the embattled Ozy Media, was arrested and charged with fraud this week, according to federal court records
Watson was accused in a federal indictment of having “engaged in a scheme to defraud OZY’s investors, potential investors, potential acquirers, lenders and potential lenders.” The charges said that Watson committed the fraud “through material misrepresentations and omissions” about Ozy Media, including the company’s finances, investors, business partners, contracts, and potential acquisitions. A spokesperson for Ozy Media did not immediately respond to a request for comment Thursday morning.
The defendant was arrested by the FBI this morning at the Hotel NH Collection at 22 East 38th St. in Manhattan, a law enforcement source said. If convicted, Watson faces a mandatory minimum sentence of two years’ imprisonment and a maximum sentence of 37 years’ imprisonment. Ozy’s former chief operating officer Samir Rao and chief of staff Suzee Han previously pleaded guilty to charges relating to their roles in the scheme, the US attorney’s office said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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,…
Read more »
Ozy Media Founder Carlos Watson Has Been ArrestedAfter his co-founder pleaded guilty to fraud, he’ll face charges in federal court.
Read more »
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
Read more »
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
Read more »
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.
Read more »
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).
Read more »