Carlos Watson, the founder and CEO of Ozy Media, has been arrested in New York and charged with two counts of fraud and one count of identity theft. The Wall Street Journal first reported news of his arrest. The action by law enforcement officials comes after years of scrutiny of Watson and the high-profile, rapid collapse of his media company.
He is accused of scheming to defraud investors by making misrepresentations about the company's financial and business assets, and impersonating several media company executives when dealing with lenders and potential investors.
