Ozzy Media’s spectacular collapse continues to claim its victims, with a New York jury convicting CEO Carlos Watson on Tuesday for his role in the company’s multimillion-dollar fraud scheme to defraud investors.
He was found guilty of fraud and conspiracy during an eight-week federal trial and faces up to 37 years in prison.
Ozzie Media, which was largely funded by left-wing billionaire Laurene Powell Jobs, filed for bankruptcy last year. The New York Times The shocking investigation uncovered a scheme in which Watson and Ozzy’s COO Samir Rao impersonated executives at YouTube and other companies to secure investment money.
The bold conspiracy involved years of deception, including misrepresentations and fabrications of Ozzy’s financial performance, debts and attendance figures.
Ozy was founded in 2013 as an entertainment and news company with the aim of producing TV and online content and podcasts for a range of media.
Laurene Powell Jobs, widow of Apple’s Steve Jobs, is one of the company’s major backers and sits on Ozzie’s board of directors. Other investors include Silicon Valley venture capitalist Ron Conway and German media conglomerate Axel Springer.
The details are detailed in a book by Breitbart News editor-in-chief Alex Marlow. Breaking NewsLaurene Powell Jobs’s enormous wealth has allowed her to gather a number of news organizations under her umbrella, known as the Emerson Collective. Atlantic The once-respected magazine has now become a platform for left-wing propaganda, publishing infamous allegations that Trump is a “sucker” and a “loser.”
Ozy Media CEO convicted of fraud.
The store was another Laurene Powell Jobs store.
Despite her billions of dollars in assets, the company run by the conman still received millions in government loans.
These people are the reason why inflation has sky rocketed.
From BREAKING BIDEN: pic.twitter.com/RvWA43QvYe
— Alex Marlow (@AlexMarlow) July 16, 2024
Powell Jobs’ net worth is estimated to be more than $13 billion, while Ozzy Media reportedly received millions in PPP loans during the coronavirus pandemic. Breaking News.
Ozzi’s chief operating officer, Samir Rao, and former chief of staff, Susie Han, both took plea deals with the government last year.
One of the revelations from the scandal was that Rao impersonated a YouTube executive on a conference call with Goldman Sachs in an attempt to trick the investment bank into backing Ozzy.
Lawyers for Ozzy CEO Carlos Watson said they plan to appeal Tuesday’s guilty verdict.
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