CEO of Media Company Bankrolled by Dem Megadonors Arrested for Fraud
[Free Beacon] Left-wing billionaires Laurene Powell Jobs and Marc Lasry funded Ozy Media, whose 'business strategy was based on outright deceit and fraud,' says Justice Dept.
The CEO of a media company backed by liberal billionaires including Laurene Powell Jobs was arrested Thursday for conspiring to commit securities and wire fraud after years of lying about viewership numbers, the Wall Street Journal reported.
Ozy Media chief executive and former MSNBC host Carlos Watson was arrested after his cofounder Samir Rao pleaded guilty to pretending to be a YouTube executive during fundraising calls with investors and lying about finances and engagement.
The federal indictment said Watson "engaged in a scheme to defraud Ozy’s investors, potential investors, potential acquirers, lenders, and potential lenders."
"As alleged, Carlos Watson is a con man whose business strategy was based on outright deceit and fraud," said Breon Peace, U.S. attorney for the eastern district of New York. "He ran Ozy as a criminal organization rather than as a reputable media company."
Posted by: Besoeker 2023-02-24 |