Carlos Watson, the founder and chief executive of Ozy Media, was convicted of securities fraud and wire fraud conspiracy on Tuesday by a New York federal jury.
Watson is a former investment banker and broadcast news anchor. He was also found guilty of aggravated identity theft.
Per the WSJ, in a statement after the verdict, Brooklyn U.S. Attorney Breon Peace said: “The jury found that Watson was a con man who told lie upon lie upon lie to deceive investors into buying stock in his company.”
The probe began after a bombshell 2021 New York Times article that alleged an Ozy cofounder pretended to be a YouTube executive on a call
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