A federal indictment against Carlos Watson – the Ozy Media founder whose company collapsed after a New York Times article expose – reveals in stunning detail how the media mogul and his partners forged documents, faked financials and impersonated media executives in a desperate bid to enrich themselves while keeping the struggling company afloat.
“Did it even occur to you… that I could go to jail for forgery and bank fraud?” wrote the company’s CFO, in refusing to fake a contract for a cable network show that would help get a bank loan in 2019. She instead resigned.
Watson was arrested and indicted by federal authorities on Thursday on charges of securities and wire fraud.