Ozy Media CEO Carlos Watson ARRESTED on Fraud Charges

Ozy Media CEO Carlos Watson has been arrested and charged with securities fraud. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.wsj.com/articles/ozy-media-ceo-carlos-watson-arrested-after-a-former-executive-pleads-guilty-to-fraud-355e9f89

"Ozy Media and Chief Executive Carlos Watson were indicted on charges of repeatedly lying to investors and lenders about core aspects of the company’s business, a crippling blow to a once-promising startup that had early backing from big-brand advertisers and venture capitalists.

Mr. Watson was arrested Thursday morning in a Manhattan hotel. He is accused of falsifying information about Ozy’s financial performance and audience size, altering and fabricating contracts for some of its television shows and inflating its projected earnings, in an effort to secure tens of millions of dollars in investments and loans to offset the fledgling company’s mounting debt, according to an indictment unsealed Thursday. The U.S. attorney’s office in Brooklyn, N.Y., charged the company and Mr. Watson with conspiring to commit securities fraud and wire fraud. "

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