Watson was accused in a federal indictment of having “engaged in a scheme to defraud OZY’s investors, potential investors, potential acquirers, lenders and potential lenders.” The charges said that Watson committed the fraud “through material misrepresentations and omissions” about Ozy Media, including the company’s finances, investors, business partners, contracts, and potential acquisitions. A spokesperson for Ozy Media did not immediately respond to a request for comment Thursday morning.
The defendant was arrested by the FBI this morning at the Hotel NH Collection at 22 East 38th St. in Manhattan, a law enforcement source said. If convicted, Watson faces a mandatory minimum sentence of two years’ imprisonment and a maximum sentence of 37 years’ imprisonment. Ozy’s former chief operating officer Samir Rao and chief of staff Suzee Han previously pleaded guilty to charges relating to their roles in the scheme, the US attorney’s office said.
“Embattled” is it?
Why are some folks charged and arrested before court and other people are not arrested even after court. They are given the opportunity to repeal and never get arrested.
OMG! Stop the presses CNN just posted a crime committed by a black man!
That is Jamal C rawford of the new york knicks