Carlos Watson, the former talk show host and CEO of Ozy Media, was sentenced to nearly 10 years in prison Monday in a federal fraud case involving fake revenue claims and investor deception. Watson and his now-defunct company were found guilty last summer of wire fraud conspiracy after prosecutors detailed schemes, including Watson coaching a co-founder impersonating a YouTube executive to secure funding. Watson called the case “selective prosecution” and denied wrongdoing, though he expressed regret over the harm caused. The judge cited “exceptional dishonesty” in the case. Watson remains free on a $3 million bond until his surrender in the coming months.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Carlos Watson, the former talk show host and CEO of Aussie Media, was sentenced to nearly 10 years
00:07in prison Monday in a federal fraud case involving fake revenue claims and investor deception.
00:12Watson and his now-defunct company were found guilty last summer of wire fraud conspiracy
00:17after prosecutors detailed schemes, including Watson coaching a co-founder impersonating a
00:22YouTube executive to secure funding. Watson called the case selective prosecution and
00:27denied wrongdoing, though he expressed regret over the harmed cause. The judge cited exceptional
00:32dishonesty in the case. Watson remains free on a $3 million bond until his
00:36surrender in the coming months. For all things money, visit Benzinga.com.