- Carlos Watson, the CEO of Ozy Media, was arrested after his co-founder plead guilty to fraud, the Wall Street Journal reported Thursday.
- The Journal reported Watson was arrested in New York after Ozy COO and co-founder Samir Rao plead guilty to fraud charges. Watson will be arraigned “on charges of conspiring to commit securities fraud and conspiring to commit wire fraud,” per the Journal.
- The Ozy debacle was first reported back in 2021 by then-New York Times media columnist Ben Smith, whose story on potential fraud at the media company quickly led to its shuttering.
