“Carlos Watson, the founder of the troubled digital start-up Ozy Media, was arrested and charged with fraud by federal investigators,” the New York Times reports.
“Prosecutors said in a court document dated Wednesday that Mr. Watson had ‘engaged in a scheme to defraud Ozy’s potential investors, potential acquirers, lenders and potential lenders’ by misrepresenting the company’s audience numbers and financial results. The court filing about Mr. Watson’s arrest was dated Thursday.”

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