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Trump commutes sentence of Ozy Media founder Carlos Watson | Watson was convicted of conspiracy to commit securities fraud, conspiracy to commit wire fraud, and aggravated identity theft.
Watson was convicted of conspiracy to commit securities fraud, conspiracy to commit wire fraud, and aggravated identity theft. The commutation came as he was expected to begin his sentence.
Watson had expected to surrender Friday afternoon to the Federal Correctional Institution in Lompoc, California, before he received word of Trump granting him executive clemency, according to a source familiar with the situation. Prosecutors said that Watson and his co-conspirators between 2018 and 2021 defrauded investors by misrepresenting Ozy’s financial performance, its ongoing business relationships and its acquisition prospects, as well as its contract negotiations. Ozy abruptly shut down in October 2021, after The New York Times reported that the company’s chief operating officer, Samir Rao, had impersonated a YouTube executive on a conference call with Goldman Sachs.
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