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Ozy Media Founder Carlos Watson Arrested & Charged With Securities Fraud

Carlos Watson, the founder of Ozy Media, was arrested Thursday (Feb. 23) and charged with securities fraud. The post Ozy Media Founder Carlos Watson Arrested & Charged With Securities Fraud appeared first on The Latest Hip-Hop News, Music and Media | Hip-Hop Wired.

Lies And Lawsuits: The Demise Of Ozy Media Explained

HipHopWired Featured Video Source: Noam Galai / Getty Ozy Media, a media and entertainment company founded by ex-MSNBC host Carlos Watson and company COO Samir Rao, is starting to look more and more like the Fyre Festival of media platforms. News continues to unfold about the company closing its doors while allegedly leaving investors stuck like Chuck after putting millions into an idea that seemingly turned into a flop. In fact, one investor, LifeLine Legacy Holdings—a money management company based in Beverly Hills, California, with a client list that includes NFL player Marshon Lattimore and actress and TV/film producer Issa Rae—filed a lawsuit on Monday claiming Ozy Media “engaged in fraudulent, deceptive and illegal conduct,” in claiming to have a much larger audience and way more clo...