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Ozy Media founder Carlos Watson is guilty of fraud
The former CEO faces up to 37 years in prison.
Carlos Watson and the now-shuttered Ozy Media startup he cofounded were found guilty of fraud by a federal jury on Tuesday, as reported earlier by The New York Times. Over the course of a several-weeks-long trial, the jury heard the government’s claims that Ozy Media misled investors by falsifying financial records, inflating audience numbers, and even making up business deals. But things came to a halt when a 2021 article from New York Times media columnist Ben Smith reported that Rao impersonated a YouTube executive during a call with a Goldman Sachs banker about a potential $40 million investment.
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