tldrdailynews.com logo

Ozy Media Founder Carlos Watson Convicted of Fraud

1 min read
Source: The New York Times
Ozy Media Founder Carlos Watson Convicted of Fraud
Photo: The New York Times
TL;DR

Carlos Watson, co-founder of Ozy Media, was found guilty of defrauding investors and lenders, facing up to 37 years in prison. The trial revealed deceptive practices at the company, including impersonated calls and fabricated contracts. Watson's defense argued that any misrepresentations were unintentional and typical of a start-up. Co-founder Samir Rao and former chief of staff Suzee Han had already pleaded guilty and testified against Watson. Watson's lawyers plan to appeal the verdict.

Topics:top-newsmedia#carlos-watson#federal-court#fraud#investors#media#ozy-media
Share this article
  1. Carlos Watson, Ozy Media Founder, Is Found Guilty of Fraud  The New York Times
  2. Ozy Media founder Carlos Watson convicted in fraud trial for lying to investors, fake deals with Google, Oprah  New York Post
  3. Defunct News Startup Ozy's CEO Convicted Of Conning Investors To Keep Company Afloat  HuffPost
  4. Jury finds Ozy Media CEO Carlos Watson guilty on all counts  Courthouse News Service
  5. Ozy Media's Carlos Watson found guilty of fraud  Axios

Want the full story? Read the original reporting

Read on The New York Times