Big News Ozy Media Founder Carlos Watson, arrested and faces fraud charges.

 Carlos Watson is an American entrepreneur, Jurnalist,and Television host.He co founded Media company Ozy in 2013 and hosted several shows.

,Carlos Watson, have been criminally charged for scheming to defraud investors of tens of millions dollars by misrepresenting the company's debts, financial performance and audience size, Brooklyn federal prosecutors said Thursday.

Watson and Ozy Media are charged with securities fraud and wire fraud. Watson was arrested Thursday morning and pleaded not guilty during his first court appearance that afternoon. He was released on a $1 million bond.






Watson's lawyer, Lanny Breuer, said in a statement he had engaged in "good faith" dialogue with the government and was "deeply disappointed" with his client's "dramatic" arrest.

Lawyers for Ozy said in a statement that they had been discussing ways to resolve the matter without charges as recently as Wednesday and were "extremely disappointed" by the government's decision.






Watson's arrest comes two days after Samir Rao, a co-founder of his media company, pleaded guilty to similar charges in Brooklyn federal court.

Rao's lawyer, Ed Swanson, said in a statement that his client has accepted full responsibility and is "deeply remorseful, apologetic to those affected, and committed to making amends for his actions while at Ozy media"

Prosecutors say Watson and his co-conspirators courted a $45 million investment from an unnamed financial institution using inflated numbers about its audience size, revenue and backing from other investors.

Read more:

Location: United States

Comments

Post a Comment

Popular posts from this blog

Miley Cyrus Makes Rare Red Carpet Appearance with Boyfriend Maxx Morando At Versace Fashion Show

Image
 Miley Cyrus and her boyfriend Maxx Morando made a rare public appearance. At the Versace fall/winter fashion show in West Hollywood on Thursday, the 30-year-old "Flowers" singer and Morando walked the red carpet together while posing for pictures in matching evening wear ensembles. With a stunning one-shoulder purple and black ombré effect gown with silver chain accents, Cyrus looked stunning. Cyrus was able to display her toned legs and matching black strappy heels thanks to the gown's two high slits in the skirt. She accented the look with a big silver bracelet and her trademark two-toned blonde and brunette hair was curled into beach waves. Her drummer beau, 24, was dressed in a white scoop-neck tank top over a navy blazer with stain trim. The garment included a gold safety pin brooch as decoration. He completed the appearance with striped sneakers, black sunglasses, and matching jeans. The "Midnight Sky" singer sat in the front row and chatted with fellow ...
Read more

"Former President Jimmy Carter Begins Hospice Care at Home After Hospitalizations"

Image
 F ormer President Jimmy Carter will begin receiving hospice care at home following a series of hospital        stays,his foundation said in a statement on Saturday "After a series of short hospital stays, former U.S.President Jimmy Carter today decided to spend his remaining time at home with his family and receive hospice care instead of additional medical intervention , "the statement said." He the full support of his family and his medical team. The Carter family ask for privacy during this time and his grateful for the concern shown by his admirer."   The Carter center did not provide detail on his recent hospitalization. His grandson,Jason Carter, said in a tweet, "I saw both of my grandparents yesterday. They are at peace and - as always-their home is full of love. Thank you all for your kind words" President Joe Biden was made aware of carter's decision to begin hospice care and the White House is in touch with the Carter family and close advis...
Read more

Mysterious flying objects shot down over North America likely not spy balloons, Biden says

Image
w ASHINGTON- President Joe Biden said Thursday that three unidentified objects shot down last weekend North American airspace were"most likely"balloon tied to private companies or research institution not part of China's surveillance spy balloon operation https://youtu.be/aUD6MjWoiMg Biden, delivering his first public address  on the mysterious objects amid bipartisan pressure from lawmakers demanding more information, defended having the objects shot down even if they posed no direct threat to the U.S "We acted out of an abundance of caution and had an opportunity that allowed us to take down these these objects safely," Biden said, also stressing there's "no evidence" that more flying objects are in the sky than usual. He said the intelligence community is still assessing objects that were shot down over Alaska, Canada's Yukon Territory and Lake Huron. "Nothing right now," he said, suggests the objects are tied to China’s spy ball...
Read more