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Ozy Media Founder Carlos Watson Sentenced To Hefty Prison Term For Defrauding Investors
Carlos Watson, the founder and former CEO of Ozy Media, was sentenced to 116 months, or nearly ten years, in prison for conspiracy to commit securities fraud,
The term was handed down this week by United States District Judge Eric R. Komitee in federal court in Brooklyn following Watson’s conviction in July after an eight-week trial. One of the strangest claims was that on multiple occasions, when faced with questions from lenders or potential investors, Watson and his co-conspirators assumed the identities of and impersonated actual media company executives to cover up their prior fraudulent misrepresentations. It seemed to be doing fairly well, a façade that exploded in 2021, when an article in the New York Times revealed that Ozy co-founder and chief operating officer Samir Rao had misrepresented himself on a call with Goldman Sachs by pretending to be a YouTube executive, Alex Piper.
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