Ozy Media’s Carlos Watson ordered to pay $96M for scamming A-Rod, Laurene Powell Jobs and more
Reports show that convicted Ozy Media CEO Carlos Watson and his company are ordered to pay a penalty of about $96 million for his “brave and bold” securities fraud. According to a Brooklyn Federal Court ruling, Watson, who co-founded the company, will need to grant more than $37 million in compensation and a forfeiture of […]
Ozy Media founder Carlos Watson sentenced to 10 years
Carlos Watson, the founder of defunct digital media company Ozzie Media, was sentenced to 10 years in prison for lying to investors about the financial status of his startup. Mr. Watson's 116 months imprisonment He was sentenced Monday in Brooklyn federal court on charges of conspiracy to commit securities fraud, conspiracy to commit wire fraud, […]
Ozy Media founder Carlos Watson sentenced to nearly 10 years for defrauding investors
Former talk show host Carlos Watson was sentenced Monday to 10 years in prison in a federal financial conspiracy case that accused his once-popular Ozzy Media of being the epitome of a “fake it 'til you make it” startup culture. He was sentenced to nearly a year. It was so extreme that another Ozzie executive […]
Laurene Powell Jobs-Funded Ozy Media CEO Convicted in Massive Fraud Scheme
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, […]
Ozy Media founder Carlos Watson convicted in fraud trial
Ozzy Media and its founder, Carlos Watson, were convicted of fraud on Tuesday by a Brooklyn federal jury that accused them of making false representations to investors about the now-disbanded startup’s finances and making false deals with Google and Oprah Winfrey. Watson and Ozzi, a former cable news anchor and investment banker, were convicted of […]