Reported about 1 year ago
Ozy Media, known for big-name interviews and events, faced collapse in 2021 leading to founder Carlos Watson and the company facing federal criminal charges of fraud conspiracy. A former co-founder admitted to fabricating financials to attract investors, while Carlos Watson's defense claims innocence, attributing any misrepresentations to the co-founder. The media outlet, aimed at diverse voices, started as a Millennial-friendly platform but ended up in a web of financial deceit, facing a trial involving accusations of lies and fraudulent activities.
Source: YAHOO