Ozy Media founder Carlos Watson tried to trick a potential investor by claiming to have received a $600 million takeover off
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Ozy Media founder Carlos Watson tried to trick a potential investor by claiming to have received a $600 million takeover off

Carlos Watson, the founder of Ozy Media, was alleged to have attempted to deceive a potential investor into thinking he had received a $600 million offer to acquire the company in an effort to secure a $22.5 million investment, according to court documents.

Watson, who has been charged with fraud and conspiracy, allegedly claimed that he received the takeover offer from a tech firm and persuaded his chief operating officer to send the investor a presentation deck showing the alleged $30 million investment.

The fraud is one of several claims levelled against Watson, who was arrested on 17 February, and his colleagues. Watson has pleaded not guilty to the charges and, if found guilty, faces up to 37 years in prison.


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