Carlos Watson, CEO of digital media company Ozy Media, was arrested Thursday pending his arraignment on charges of federal securities fraud and wire fraud.
the news, “We are really disappointed. We have been acting in good faith and believe we had a constructive dialogue with the government and are shocked by the actions this morning.”Ozy Media falsified audience metrics and that its COO, Samir Rao, impersonated a YouTube executive
on a call with prospective investor Goldman Sachs. The revelations led to an avalanche of other disclosures including allegations of a toxic workplace culture at the New York-based company. Watson’s arrest and pending arraignment on federal criminal charges come after Rao pleaded guilty Tuesday in a Brooklyn federal court to fraud and identity theft charges, per the Journal’s report. Rao admitted that between 2018-21 he made misleading statements to investors and exaggerated the company’s financial performance. In addition, Rao said he falsely used the identity of another person between February 2020 and February 2021, per the WSJ.
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