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Search resuls for: "Samir Rao"


6 mentions found


☆ The fraud trial of Ozy Media cofounder Carlos Watson has begun. His attorneys have argued race played a role in his indictment.
  + stars: | 2024-05-20 | by ( Natalie Musumeci | ) www.businessinsider.com   time to read: +5 min
Read previewAttorneys began jury selection in the criminal fraud trial of Carlos Watson, the cofounder of the fallen digital media startup Ozy Media. This story is available exclusively to Business Insider subscribers. Carlos Watson is a Black man and Ozy Media was majority-owned by people of color." AdvertisementAttorneys for Watson did not immediately respond to a request for comment from Business Insider on Monday. Semafor co-founder, former New York Times columnist, and BuzzFeed News editor in chief Ben Smith and Ozy co-founder Carlos Watson.
Persons: —, Carlos Watson, Watson, Watson's, Semafor, Ben Smith, Ozy, Dia Dipasupil, Kimberly White, Marc Lasry, Laurene Powell Jobs, Ron Conway, Axel Springer, Smith, Samir Rao, Suzee Han, Goldman Sachs Organizations: Service, Ozy Media, Business, Prosecutors, Apple, Google, Vice Media, New York Times, Goldman Locations: Brooklyn , New York, Buzzfeed
☆ Ozy Media CEO Carlos Watson Arrested After a Former Executive Pleads Guilty to Fraud
  + stars: | 2023-02-23 | by ( James Fanelli | ) www.wsj.com   time to read: 1 min
Ozy Media Chief Executive Carlos Watson was arrested Thursday morning after a former executive with whom he founded the embattled startup pleaded guilty to fraud charges in a secretive federal court proceeding. Mr. Watson was taken into custody and is expected to be arraigned in a Brooklyn, N.Y., federal court on charges of conspiring to commit securities fraud and conspiring to commit wire fraud, according to a law-enforcement official. Ozy came under federal scrutiny for its business practices after the New York Times reported in 2021 that its then-chief operating officer, Samir Rao , impersonated an executive of Alphabet Inc.’s YouTube during a fundraising call with Goldman Sachs Group Inc.
☆ Ozy Media, CEO Carlos Watson charged with scheming to defraud investors
  + stars: | 2023-02-23 | by ( Jack Queen | Industry Insight | Recommended Change Management Practices To Plan | ) www.reuters.com   time to read: +3 min
[1/8] Carlos Watson, CEO of Ozy Media, departs U.S. Federal Court in Brooklyn after being arrested and charged with fraud in New York City, New York, U.S., February 23, 2023. REUTERS/David Dee DelgadoFeb 23 (Reuters) - Ozy Media and its CEO 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. Rao, who was initially charged under a pseudonym, pleaded guilty on Tuesday to securities fraud conspiracy, wire fraud conspiracy and identity theft. The U.S. Securities and Exchange Commission separately filed a civil case against Ozy, Watson and Rao on Thursday.
☆ Ozy Media CEO Carlos Watson charged with fraud in alleged fundraising scheme
  + stars: | 2023-02-23 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
Ozy Media CEO Carlos Watson was charged with two federal criminal counts of fraud and one count of identity theft, according to court documents released Thursday. The news came after former operating chief Samir Rao and chief of staff Suzee Han pleaded guilty in the case. The Securities and Exchange Commission also accused Watson and Ozy of widespread fraud. For example, Sharon Osbourne told CNBC that Ozy Media had lied about the Osbourne family investing in the startup. CNBC was the media partner for Ozy Media's Ozy Fest 2019, which was canceled due to extreme heat.
☆ Embattled media company Ozy's CEO Carlos Watson was arrested and faces fraud charges
  + stars: | 2023-02-23 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +4 min
Ozy Media CEO Carlos Watson was arrested on Thursday. Watson is facing conspiracy charges in New York federal court. A New York Times report in 2021 said Ozy's other cofounder masqueraded as a YouTube executive on a call. Watson was arrested and is facing criminal charges in New York federal court, The Wall Street Journal first reported. Watson announced the company shut down in 2021, but has since said it was opening for business, with new hires.
☆ Ozy Media founder Carlos Watson arrested and charged with fraud
  + stars: | 2023-02-23 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +2 min
CNN —Carlos Watson, the founder and chief executive of the embattled Ozy Media, was arrested and charged with fraud this week, according to federal court records. Watson was accused in a federal indictment of having “engaged in a scheme to defraud OZY’s investors, potential investors, potential acquirers, lenders and potential lenders.”The charges said that Watson committed the fraud “through material misrepresentations and omissions” about Ozy Media, including the company’s finances, investors, business partners, contracts, and potential acquisitions. A spokesperson for Ozy Media did not immediately respond to a request for comment Thursday morning. The charges come after The New York Times published an exposé in 2021 pulling back the curtain on some of the alleged deceptive practices Ozy Media engaged in. Semafor reported earlier this month that Ozy Media was attempting a comeback.
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