Ozy Media CEO And Former Talk Show Host Carlos Watson Sentenced For Defrauding Investors

Benzinga

Carlos Watson, the former talk show host and CEO of Ozy Media, was sentenced to nearly 10 years in prison Monday in a federal fraud case involving fake revenue claims and investor deception. Watson and his now-defunct company were found guilty last summer of wire fraud conspiracy after prosecutors detailed schemes, including Watson coaching a co-founder impersonating a YouTube executive to secure funding. Watson called the case “selective prosecution” and denied wrongdoing, though he expressed regret over the harm caused. The judge cited “exceptional dishonesty” in the case. Watson remains free on a $3 million bond until his surrender in the coming months.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Carlos Watson, the former talk show host and CEO of Aussie Media, was sentenced to nearly 10 years

00:07in prison Monday in a federal fraud case involving fake revenue claims and investor deception.

00:12Watson and his now-defunct company were found guilty last summer of wire fraud conspiracy

00:17after prosecutors detailed schemes, including Watson coaching a co-founder impersonating a

00:22YouTube executive to secure funding. Watson called the case selective prosecution and

00:27denied wrongdoing, though he expressed regret over the harmed cause. The judge cited exceptional

00:32dishonesty in the case. Watson remains free on a $3 million bond until his

00:36surrender in the coming months. For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended