The founder of the troubled digital start-up Ozy Media has pleaded not guilty Thursday to federal fraud charges accusing him of scheming to prop up his financially struggling company
Carlos Watson, center, leaves Brooklyn federal court in New York, Thursday, Feb. 23, 2023. The founder of the troubled digital start-up Ozy Media has been arrested on fraud charges as part of what prosecutors say was a scheme to prop up the financially struggling company.
Ozy advertised itself as a progressive digital platform for “the New and the Next,” saying on its website that it sought to create a “space for fresh perspectives, introduces you to rising stars and breakthrough trends, and offers new takes on everything from news and culture to technology, business, learning and entertainment.”But the company imploded under insurmountable debt and questions over its fundraising tactics.
Rao pleaded guilty in federal court this week, while Han did so last week. The guilty pleas and arrests were first reported by the Wall Street Journal. 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.”
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 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.
Read more »
Ozy Media founder Carlos Watson arrested on fraud chargesThe 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...
Read more »
Ozy Media founder Carlos Watson arrested on fraud chargesThe arrest of Carlos Watson at a Manhattan hotel came after two of the company’s top executives pleaded guilty this month to fraud charges, including Ozy’s then-chief operating officer, Samir Rao, who allegedly impersonated a YouTube executive during a pitch to Goldman Sachs, a potential investor.
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 »