Defunct News Startup Ozy's CEO Convicted Of Conning Investors To Keep Company Afloat

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Crime,Conspiracy,Ozy

Former cable TV host Carlos Watson was found guilty of financial conspiracy for deceiving investors and lenders about the cash-strapped company.

about Ozy Media, an ambitious startup that collapsed after another executive impersonated a YouTube executive to hype the company’s success.

Brooklyn federal prosecutors announced on X that a jury found Watson guilty of all three charges against him: conspiracy to commit securities fraud, conspiracy to commit wire fraud and aggravated identity theft.Prosecutors alleged that Watson conspired to deceive investors and lenders in order to keep the cash-strapped company alive.

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